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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Unexplained credits u/s 68 - share application received - ...

Case Laws     Income Tax

March 28, 2018

Unexplained credits u/s 68 - share application received - assessee did not submit the details of the mode of payment by these two persons and that neither their identity nor the creditworthiness nor the genuineness of the transactions is proved - additions confirmed - AT

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  11. Addition on account of share application and share premium money u/s 68 - assessee has received share application and share premium money from eleven investor companies...

  12. In a case concerning unexplained credit u/s 68, the assessee proved the identity and genuineness of share applicants, although their creditworthiness was questioned. The...

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