Addition u/s 68 - the assessee has furnished all the evidences ...

Additions u/s 68 deleted as assessee proves investor identity, creditworthiness, and transaction genuineness. No need to produce directors.

January 18, 2023

Case Laws Income Tax AT

Addition u/s 68 - the assessee has furnished all the evidences proving identity and creditworthiness of the investors and genuineness of the transactions - AO simply harped on the non production of directors of the assessee and share subscribing companies to make the addition which is not correct - Additions deleted - AT

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Addition u/s 68 - the assessee has furnished all the evidences ...

Additions u/s 68 deleted as assessee proves investor identity, creditworthiness, and transaction genuineness. No need to produce directors.

January 18, 2023

Case Laws Income Tax AT

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