Section 68: Share Purchase Additions Need Evidence, Not Suspicion or Assumptions, Even with Rising Share Prices.

Section 68: Share Purchase Additions Need Evidence, Not Suspicion or Assumptions, Even with Rising Share Prices. https://www.taxtmi.com/highlights?id=43350 Addition u/s 68 - bogus purchase of shares - paper transactions - So far as the huge rise in the sale price of the shares is concerned, it is trite law that the additions could not be made merely on the basis of suspicion, conjectures or surmises. en-us Wed, 19 Dec 2018 08:10:03 +0530 Wed, 19 Dec 2018 08:10:03 +0530 TaxTMI RSS Generator Section 68: Share Purchase Additions Need Evidence, Not Suspicion or Assumptions, Even with Rising Share Prices. https://www.taxtmi.com/highlights?id=43350 Addition u/s 68 - bogus purchase of shares - paper transactions - So far as the huge rise in the sale price of the shares is concerned, it is trite law that the additions could not be made merely on the basis of suspicion, conjectures or surmises. Highlights Income Tax Wed, 19 Dec 2018 08:10:03 +0530 https://www.taxtmi.com/highlights?id=43350