Addition u/s 68 - Parties failed to respond to the summons - The ...

Section 68: Share Capital Genuineness Questioned; Assessee Not Penalized Due to Lack of Summons Response Request.

February 26, 2019

Case Laws Income Tax AT

Addition u/s 68 - Parties failed to respond to the summons - The issue of share premium raised by the revenue in the assessment order to doubt the genuineness of share capital raised cannot be held against the assessee as the assessee was never required to explain or justify this matter.

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Addition u/s 68 - Parties failed to respond to the summons - The ...

Section 68: Share Capital Genuineness Questioned; Assessee Not Penalized Due to Lack of Summons Response Request.

February 26, 2019

Case Laws Income Tax AT

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