Thursday 14 May 2015

SLP granted against HC’s order wherein sec. 68 additions were upheld due to non-supply of PAN of sha

IT : SLP granted against order of High Court where it was held that since in respect of share application money, assessee failed to provide complete address and PAN of certain share applicants and 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

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