Thursday, January 9, 2020

No additions u/s 68 if creditworthiness of person to whom shares were issued at premium were established; SLP dismissed

INCOME TAX : SLP dismissed against High Court ruling that once genuineness, creditworthiness and identity of investors are established, no addition could be made as cash credit on ground that shares were issued at excess premium

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