AO’s Share Capital/Premium Addition Invalid Due to Absence of Incriminating Evidence in Search: ITAT [Read Order]
Considering no incriminating materials were discovered during the search, ITAT invalidated the addition to Share Capital/Share Premium made by AO.
By Kavi Priya - On August 29, 2024 10:49 am - 2 mins read
The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) invalidated the addition made by the assessing officer for share capital/premium due to the absence of incriminating evidence found during the search. Marsh Fincom Pvt. Ltd., the assessee engaged in buying and selling shares, securities, and financing loans. The assessee company declared Rs….
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
