A two-judge bench of the Delhi High Court has upheld an income tax addition made under Section 68 of the Income Tax Act wherein the assessee- Company was found receiving bogus share premium from seven fake Companies formed by a Chartered Accountant. The respondent-assessee received money in the form of share capital/share premium from seven […]
The post Delhi High Court upholds Addition for receiving Bogus Share Premium from Fake Companies formed by CA [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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