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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Bogus share transactions - Addition u/s. 68 r.w.s. 115BBE - If ...


Court Deletes Income Additions Due to Lack of Evidence in Bogus Share Deals u/s 68 and 115BBE.

January 29, 2019

Case Laws     Income Tax     AT

Bogus share transactions - Addition u/s. 68 r.w.s. 115BBE - If it is to be held that assessee has routed his own unaccounted money, then there has to be some material to provide live link nexus to show that the unaccounted money has been routed under the garb of transaction of purchase and sale of shares - Additions deleted.

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