Addition of share capital u/s 68 - source of source - all the ...

Case Laws Income Tax

April 23, 2019

Addition of share capital u/s 68 - source of source - all the three conditions as required u/s. 68 i.e. the identity, creditworthiness and genuineness of the transaction were placed before the ld AO and the onus shifted to the ld AO to disprove the materials placed before him - Without doing so, the addition, based on conjectures and surmises cannot be justified.

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Addition of share capital u/s 68 - source of source - all the ...

Case Laws Income Tax

April 23, 2019

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