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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Unexplained cash credit u/s 68 - share application money - AO is ...

Case Laws     Income Tax

March 1, 2018

Unexplained cash credit u/s 68 - share application money - AO is directed to make further enquiries by issuing necessary summons to the shell companies - The assessing officer should also make reference to the action taken by the Finance Ministry in this regard, as to whether names of these companies appear in the list of such struck off companies. - AT

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