ITAT confirms Addition since Share Applicant Entities were Paper Entities [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has confirmed an addition under Section 68 of the Income Tax Act since the share applicant entities were paper entities for providing entries to the assessee. While concluding the assessment proceedings against the assessee, the Assessing Officer observed that there is an increase in the […]

The post ITAT confirms Addition since Share Applicant Entities were Paper Entities [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2HGdkqW