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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Addition u/s 68 - addition as share capital receiver from ...


Assessee's Share Capital from Shell Company Deemed Non-Genuine u/s 68; Additions Confirmed by Tax Authorities.

March 6, 2017

Case Laws     Income Tax     AT

Addition u/s 68 - addition as share capital receiver from shell/paper company - assessee miserably failed to bring any strong evidence to justify its plea of genuineness and creditworthiness of the alleged cash credit - additions confirmed - AT

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