Addition u/s 68 - unexplained share capital - mere fact that its ...

Section 68: Exempt Investor Status Alone Doesn't Justify Unexplained Share Capital; Section 10(36) Not Sufficient.

September 10, 2019

Case Laws Income Tax AT

Addition u/s 68 - unexplained share capital - mere fact that its investor is an exempt assessee u/s 10(36) does not give the impugned share application money the colour of unexplained cash credits - AT

View Source

← Previous Next →

Addition u/s 68 - unexplained share capital - mere fact that its ...

Section 68: Exempt Investor Status Alone Doesn't Justify Unexplained Share Capital; Section 10(36) Not Sufficient.

September 10, 2019

Case Laws Income Tax AT

You may also like:

Unexplained cash credit u/s 68 - bogus share capital/share premium - The tribunal noted that the appellant's company had witnessed significant growth over the years,...

Unexplained share capital and premium received by assessee company was its own unaccounted money flowing back in form of premium on share allotment. Assessee filed...

ITAT upheld deletion of addition under section 68 regarding unexplained share application money and premium. Assessee established initial burden of proof through banking...

Addition u/s 68 - unexplained amounts received towards Share Capital money - entry operators - HC

Addition u/s 68 - unexplained share premium and share capital - the assessee has substantially provided materials to prove the genuineness of the share holders apart...

Unexplained cash credits u/s 68 were added due to assessee's failure to discharge onus regarding bogus share capital including premium receipts. Despite filing...

Addition u/s 68 - buyback was not genuine and added back the buyback amount as unexplained income - Section 68 of the Income Tax Act, 1961, which deals with unexplained...

Unexplained share capital and share premium - Not only the assessee has proved the identity and creditworthiness of the investors and genuineness of the transactions by...

Addition u/s 68 - addition in share capital and share premium, identity and creditworthiness of the share holders, valuation report - Since no cash was involved in...

Addition u/s 68 - non independent application of mind - accommodation entries - share application money - Mere non production of Director of said share holder company...

Bogus LTCG - addition u/s 68 - the assessee is a habitual investor having portfolio of investment in shares in crores and is still holding investment in shares in...

Non-proving identity, creditworthiness, and genuineness of share premium received cannot be treated as unexplained income if sufficient documentary evidence is provided....

Addition u/s 68 - unexplained share application money - The Tribunal noted that the assessee provided complete details of the share subscribers, their financial...

The SC dismissed a Special Leave Petition challenging a Gujarat HC ruling due to an unexplained 292-day delay in filing. The underlying case concerned the Revenue's...

Addition of bogus share application money u/s 68 - explanation to source of the source - with effect from assessment year 2013-14 section 68 of the Act has been amended...

Quick Updates: