Monday, October 15, 2018

No section 68 additions if identity of applicants was clearly revealed; SLP dismissed

IT: Where in course of appellate proceedings, High Court set aside addition made by AO under section 68 in respect of share application money by holding that identity of share applicants was clearly revealed but Assessing Officer did not conduct any further enquiry except resting his conclusions on surmises, SLP filed against said order was to be dismissed.

from www.taxmann.com Latest Case Laws https://ift.tt/2ElX8uG
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