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Income Tax - Highlights / Catch Notes

Home Highlights April 2017 Year 2017 This

Additions towards unexplained investment in share capital u/s 68 ...


Section 68: Authorities Can Probe Investors' Unexplained Share Capital; Assessee Need Not Prove Fund Origin.

April 29, 2017

Case Laws     Income Tax     AT

Additions towards unexplained investment in share capital u/s 68 - The revenue is free to go behind the investors and reopen their cases as they have voluntarily and willingly confirmed the investment - assessee need not have to prove the source of the source - AT

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