Unexplained share capital - share premium and share application ...

Assessee's Income Stands: CIT(A) Accepts Documentation on Share Capital, Premium, and Application Money, No Additions Made.

November 23, 2020

Case Laws Income Tax AT

Unexplained share capital - share premium and share application money - Ld.CIT(A) has noted as assessee has filed the confirmation letters, copies of ITRs, copies of bank statements of five parties, who invested share capital. Besides, the assessee has filed the allotment letters, returns as filed with the AO along with Board’s resolution for allotment of shares - No addition could be made - AT

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Unexplained share capital - share premium and share application ...

Assessee's Income Stands: CIT(A) Accepts Documentation on Share Capital, Premium, and Application Money, No Additions Made.

November 23, 2020

Case Laws Income Tax AT

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