Addition u/s 68 - undisclosed income - investment made in shares ...

Assessing Officer's Error Highlighted in Case on Undisclosed Income from Share Premiums u/s 68.

November 6, 2023

Case Laws Income Tax HC

Addition u/s 68 - undisclosed income - investment made in shares issued at premium - AO asked himself the wrong question and proceeded thereafter on the wrong path. - AO, instead of making further inquiries, seems to have been burdened by the fact that the premium charged was high, which, according to us, was not the correct test for making an addition u/s 68 - HC

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Addition u/s 68 - undisclosed income - investment made in shares ...

Assessing Officer's Error Highlighted in Case on Undisclosed Income from Share Premiums u/s 68.

November 6, 2023

Case Laws Income Tax HC

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