Addition u/s 68 - undisclosed cash credit - accommodation ...

Section 68 Additions Upheld: No Justification for Companies' High-Premium Investment in Assessee Shares.

October 1, 2018

Case Laws Income Tax AT

Addition u/s 68 - undisclosed cash credit - accommodation entries - The surrounding circumstances and test of Human probabilities also shows that there is no reason to invest those companies in the shares of the assessee company at such a huge premium - additions confirmed.

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Addition u/s 68 - undisclosed cash credit - accommodation ...

Section 68 Additions Upheld: No Justification for Companies' High-Premium Investment in Assessee Shares.

October 1, 2018

Case Laws Income Tax AT

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