In the case of M/s. Ami Industries (India) P Ltd, the High Court of Bombay has ruled that there shall be no addition of share application money by the Assessing Officer to the income of the assessee under section 68 of Income Tax Act. In the assessment proceedings of the above case, Assessing Officer noted […]
The post Share Application Income can’t be Taxed Once its Genuineness is proved: Bombay HC [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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