Monetary limits for filing income tax appeal not to apply to bogus penny stocks transactions of Long Term Capital Gains…
Assessee legally obliged to prove receipt of share capital/premium to the satisfaction of AO, failure of which justify addition –…
Assessment order u/s 153C will supersede an earlier order passed u/s 143(3). ITAT allowed the additional ground raised and restored…
AO cannot remain quiet after issuing summons u/s 131 which went unanswered. Without resorting to further investigation no adverse inference…
Addition u/s 68 for not producing shareholders details deleted as in public issue company not expected to know every detail…
Addition for accommodation entries merely based on statement of investors and without controverting the documents furnished invalid-High Court Prelude: The…
Share application money circular transaction addition u/s 68 deleted where loan creditors had subscribed out of the loans repaid by the company-ITAT…
Bogus share capital entry to obtain bank loan. Addition made u/s 68 remanded back to verify facts in view of…