Addition u/s 68 - bogus share capital & share premium - The ...

Assessee Fails to Prove Genuine Share Transactions; Additions Confirmed u/s 68 for Bogus Share Capital.

February 25, 2021

Case Laws Income Tax AT

Addition u/s 68 - bogus share capital & share premium - The assessee failed to prove that the transactions of share application money is genuine and the creditworthiness of Investor. Further, we have noted that the present appeal was filed in 2016, till date not a single piece of evidence is placed on record to prove the identity, genuineness of transaction of transaction and creditworthiness of the investor company. - Additions confirmed - AT

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Addition u/s 68 - bogus share capital & share premium - The ...

Assessee Fails to Prove Genuine Share Transactions; Additions Confirmed u/s 68 for Bogus Share Capital.

February 25, 2021

Case Laws Income Tax AT

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