DCIT vs Adhunik Transport Organisat ion Ltd.

Authority: ITAT Tribunal/Court: Mumbai Date: 2019-08-28 AY: 2012-13 Section: 68, 132, 131 Acts: Income Tax Act 1961 Result: Assessee Citation: 819Taxpundit414 Justices: MAHAVIR SINGH, JM & MANOJ KUMAR AGGARWAL, AM Appeal No: I .T.A. No.3725/Mum/2017
Whether addition of share capital and premium as unexplained cash credit under Section 68 is justified when assessee provided documentary evidence of identity, creditworthiness, and genuineness of investors, and revenue relied on unconfronted third-party statements? --- Held: No, addition deleted.

šŸ”’ Direct Access Blocked

For your security and to prevent unauthorized automated access, individual judgment links cannot be opened directly. Please access this content via Google Search or the TaxPundit Search Portal.

AI Deep Dive
0/5 selected

Membership Required

Unlock official PDFs for all landmark cases.

JOIN NOW āž”
Shopping Cart