Addition u/s 68 - share application money & share premium - When ...
Section 68 Addition: Non-Existent Company Can't Rely on Documentation for Share Premium and Application Money Defense.
August 7, 2020
Case Laws Income Tax AT
Addition u/s 68 - share application money & share premium - When it has been categorically proved that there is no physical existence of the said company at the given address the submission of the assessee that his submissions regarding papers submitted in this regard should be given precedence over the actual fact about the non-existence of the said party is absolutely unsustainable - AT
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