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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

Addition u/s 68 - share application money and share premium - in ...


Assessing Officer Wrongly Rejects Documents u/s 68; No Evidence of Share Transaction Falsification Found.

April 2, 2018

Case Laws     Income Tax     AT

Addition u/s 68 - share application money and share premium - in absence of any falsity which have been found in the documents so submitted by the assessee company to prove the identity, creditworthiness and genuineness of the share transaction, these documents cannot be summarily rejected as has been done by the AO in the instant case - AT

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