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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

Addition u/s 68 - Mere production of incorporation details, PAN ...


High Court: Section 68 requires more than PAN and tax filings for private companies if facts suggest a cover-up.

August 30, 2014

Case Laws     Income Tax     HC

Addition u/s 68 - Mere production of incorporation details, PAN Nos. or the fact that third persons or company had filed income tax details in case of a private limited company may not be sufficient when surrounding and attending facts predicate a cover up - HC

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