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Income Tax - Highlights / Catch Notes

Home Highlights December 2022 Year 2022 This

Addition u/s 68 - Consistently escaping from appearing/producing ...


Authorities Uphold Addition u/s 68 for Unexplained Share Capital Due to Lack of Documentation and Non-Appearance by Assessee.

December 3, 2022

Case Laws     Income Tax     AT

Addition u/s 68 - Consistently escaping from appearing/producing the documents and alleged parties before the ld. AO and the appellate authority(ld.CIT-A) indicates that the assessee has no plausible explanation to explain the source of alleged sum of share capital and security premium - Additions confirmed - AT

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