Additions u/s 68 - increase in share capital was not through ...

Section 68 Dispute: Assessee Proves Investor Credibility, Avoids Income Additions on Equity Share Investments via Convertible Warrants.

August 18, 2018

Case Laws Income Tax AT

Additions u/s 68 - increase in share capital was not through public issue but by way of investment in equity share directly through fully convertible warrants - assessee discharged its initial onus to prove the identity of the investor companies, their creditworthiness and genuineness of the transaction - no additions.

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Additions u/s 68 - increase in share capital was not through ...

Section 68 Dispute: Assessee Proves Investor Credibility, Avoids Income Additions on Equity Share Investments via Convertible Warrants.

August 18, 2018

Case Laws Income Tax AT

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