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Income Tax - Highlights / Catch Notes

Home Highlights November 2022 Year 2022 This

Addition on account of share application money received - With ...

Case Laws     Income Tax

November 11, 2022

Addition on account of share application money received - With regards to the credit worthiness of the party, the respondent has submitted the books of accounts, return of income and audit report of the investor companies. Even, both the investor companies have also submitted the documents as required by the AO. Further, the director of the company has appeared before the AO and confirmed the transactions. - No additions - AT

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