Assessee Proves Shareholder Creditworthiness; No Addition u/s 68 of Income Tax Act Required.

Assessee Proves Shareholder Creditworthiness; No Addition u/s 68 of Income Tax Act Required. https://www.taxtmi.com/highlights?id=29898 Addition u/s 68 - increase in share capital - assessee has not only proved the creditworthiness of the said share holders but also proved the source of the source, for which though no onus lie on him - No addition - AT en-us Thu, 23 Jun 2016 13:05:54 +0530 Thu, 23 Jun 2016 13:05:54 +0530 TaxTMI RSS Generator Assessee Proves Shareholder Creditworthiness; No Addition u/s 68 of Income Tax Act Required. https://www.taxtmi.com/highlights?id=29898 Addition u/s 68 - increase in share capital - assessee has not only proved the creditworthiness of the said share holders but also proved the source of the source, for which though no onus lie on him - No addition - AT Highlights Income Tax Thu, 23 Jun 2016 13:05:54 +0530 https://www.taxtmi.com/highlights?id=29898