[aaykarbhavan] No addition under sec. 68 if all share applicants were taxpayers and their identities were established

No addition under sec. 68 if all share applicants were taxpayers and their identities were established

July 4, 2014[2014] 45 taxmann.com 473 (Rajasthan)

IT : Where assessee-company had submitted details of contribution/loans, as well as confirmations, returns, affidavits, bank statements, PAN numbers, etc. of creditors and contributors of share capital, addition under section 68 could not be made

 

Regards

Prarthana Jalan

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

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