Additions u/s 68 and 69 - The assessee cannot call upon its ...

Case Laws     Income Tax

September 13, 2017

Additions u/s 68 and 69 - The assessee cannot call upon its investors to disclose all such business transactions thay carried on in the immediate past and as to how much they made from their respective business enterprises. The assessee cannot also call upon its investors to prove their good business sense in investing in the assessee company, as such investors cannot gain any controlling stake - HC

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