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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

Addition towards share application money u/s 68 - share ...

Case Laws     Income Tax

April 9, 2018

Addition towards share application money u/s 68 - share application money - bogus shareholders - ROC has struck off the names of two companies for the reason that those two companies have not filed their annual accounts for few years - Tribunal dismissed the revenue appeal.

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  11. Addition u/s 68 - non independent application of mind - accommodation entries - share application money - Mere non production of Director of said share holder company...

  12. Addition u/s 68 - share application money/share capital and share premium as unexplained - The onus was on revenue to dislodge assessee’s documentary evidences and rebut...

  13. Addition u/s 68 - unexplained share capital - Even though there were circumstances leading to suspicion, yet having taken an action u/s.132 and enquiries made in the...

  14. Addition u/s 68 - Assessee received premium of Rs.499/- against the value of share at Rs.1/- They have not given any explanation of the source of money in their hands...

  15. Addition of bogus share capital u/s 68 - rotation of money - the contention of the assessee that there was rotation of money and the much lesser amount of bogus share...

 

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