https://www.taxtmi.com/highlights?id=34807 Entitlement to challenge the validity of initiation of proceedings u/s 147 in which challenged the validity of order passed u/s 263 - the assessee is always obliged to prove the receipt of share capital with premium etc. to the satisfaction of the AO, failure of which calls for addition u/s 68 of the Act. - AT en-us Mon, 15 May 2017 05:44:41 +0530 Mon, 15 May 2017 05:44:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=34807 Entitlement to challenge the validity of initiation of proceedings u/s 147 in which challenged the validity of order passed u/s 263 - the assessee is always obliged to prove the receipt of share capital with premium etc. to the satisfaction of the AO, failure of which calls for addition u/s 68 of the Act. - AT Highlights Income Tax Mon, 15 May 2017 05:44:41 +0530 https://www.taxtmi.com/highlights?id=34807