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Income Tax - Highlights / Catch Notes

Home Highlights November 2017 Year 2017 This

Addition u/s 68 - The assessee has failed in establishing the ...

Case Laws     Income Tax

November 30, 2017

Addition u/s 68 - The assessee has failed in establishing the creditworthiness of the donors, occasion for making the gifts and why and donors who were strangers and not men of means gifted such huge amounts to the assessee HUF out of love and affection - HC

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  10. The assessee successfully discharged the onus u/s 68 regarding share capital introduced by the company director, a major shareholder, proving identity, creditworthiness,...

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  12. Earnest money received - addition u/s 68 - As per the established principles of taxation jurisprudence, provisions of Section 68 can be invoked if the identity and...

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