Thursday, May 14, 2015

[aaykarbhavan] SLP granted against HC’s order wherein sec. 68 additions were upheld due to non-supply of PAN of share applicants



 

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

May 14, 2015[2015] 57 taxmann.com 42 (SC)
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
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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