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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Addition u/s 68 - only obligation of the company receiving the ...

Case Laws     Income Tax

February 25, 2016

Addition u/s 68 - only obligation of the company receiving the share application money is to prove the existence of the shareholders and for which the assessee had discharged the onus of proving their existence and also the source of share application money received - AT

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  11. Addition u/s 68 - unexplained cash credit - The claim of the assessee company of having received share application money from the 41 share applicant/subscriber companies...

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