Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Addition u/s 68 - Unexplained share capital receipt - Mere paperwork by the assessee does not take the authorities anywhere, when the learned AO suspected the real existence of the entities that applied and paid for share application and share premium and insisted that a higher degree of proof is required in that respect. - Order of the CIT(A) deleting the additions, set aside - AT
Addition u/s 68 - Unexplained share capital receipt - Mere paperwork by the assessee does not take the authorities anywhere, when the learned AO suspected the real existence of the entities that applied and paid for share application and share premium and insisted that a higher degree of proof is required in that respect. - Order of the CIT(A) deleting the additions, set aside - AT
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