Tuesday, 16 December 2014

Additions upheld for cash credits as identity and creditworthiness of share applicants were doubtful

IT : Where in respect of share application money, assessee failed to provide complete address and PAN of certain share applicants whereas in case of some of share applicants, there were transactions of deposits and immediate withdrawals of money from bank, impugned addition made under section 68 was to be confirmed


No comments:

Post a Comment