Section 68 Cash Credit: Court Finds CCPS Transaction Explanation Adequate, Supports Company's Position on Investment Genuineness. https://www.taxtmi.com/highlights?id=33422 Addition of unexplained cash credit u/s 68 - whether nature and genuineness of the transaction of investment of Compulsorily Convertible Preference Shares ("CCPS") in the assessee Company is explained - Held Yes - AT en-us Fri, 24 Feb 2017 12:09:12 +0530 Fri, 24 Feb 2017 12:09:12 +0530 TaxTMI RSS Generator Section 68 Cash Credit: Court Finds CCPS Transaction Explanation Adequate, Supports Company's Position on Investment Genuineness. https://www.taxtmi.com/highlights?id=33422 Addition of unexplained cash credit u/s 68 - whether nature and genuineness of the transaction of investment of Compulsorily Convertible Preference Shares ("CCPS") in the assessee Company is explained - Held Yes - AT Highlights Income Tax Fri, 24 Feb 2017 12:09:12 +0530 https://www.taxtmi.com/highlights?id=33422