Addition u/s. 68 - satisfaction regarding the identity and ...

Section 68 Addition Confirmed: Investors' Identity and Creditworthiness Questioned, Non-filing of Tax Returns Key Factor.

January 19, 2023

Case Laws Income Tax AT

Addition u/s. 68 - satisfaction regarding the identity and creditworthiness of the 13 investors who have invested in the share capital of the assessee company and the genuineness of the transaction - none of the investors has filed his/her return of income which would have alerted the ld.CIT(A) before taking the decision by deleting the addition made by the AO u/s. 68. - Additions confirmed - AT

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Addition u/s. 68 - satisfaction regarding the identity and ...

Section 68 Addition Confirmed: Investors' Identity and Creditworthiness Questioned, Non-filing of Tax Returns Key Factor.

January 19, 2023

Case Laws Income Tax AT

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