Wednesday, 22 October 2014

S. 68: Law regarding addition of share application money as unexplained credit explained

ITO vs. Rakam Money Matters P. Ltd (ITAT Delhi)




The only issue here is the addition of Rs.60 lacs made by the Assessing Officer as unexplained credit on account of the share application money. On going through the facts of the case, we notice that assessee has filed the relevant details which it could have filed in support of its contention of having received […]

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