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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Addition u/s 68 - no material is available on record to suggest ...


Section 68: No Addition Allowed Without Evidence of Company Paying Money Resulting in Share Premium Investment.

August 8, 2019

Case Laws     Income Tax     AT

Addition u/s 68 - no material is available on record to suggest that either the assessee-company paid money to investor or to any individual, which was invested in the form of share premium in the assessee - in the absence of any material evidence there cannot be any addition on presumption and assumption u/s 68

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