Court Rules Unexplained Share Capital u/s 68 Must Be Justified; Scrutinizes Unusual Large Investments Without Clear Returns.

Court Rules Unexplained Share Capital u/s 68 Must Be Justified; Scrutinizes Unusual Large Investments Without Clear Returns. https://www.taxtmi.com/highlights?id=44042 Addition u/s 68 - unexplained money receipt in the form of share capital/share premium - The reasoning given is contrary to human probabilities, for in the normal course of conduct, no one will make investment of such huge amounts without being concerned about the return and safety of such investment. en-us Tue, 22 Jan 2019 08:28:58 +0530 Tue, 22 Jan 2019 08:28:58 +0530 TaxTMI RSS Generator Court Rules Unexplained Share Capital u/s 68 Must Be Justified; Scrutinizes Unusual Large Investments Without Clear Returns. https://www.taxtmi.com/highlights?id=44042 Addition u/s 68 - unexplained money receipt in the form of share capital/share premium - The reasoning given is contrary to human probabilities, for in the normal course of conduct, no one will make investment of such huge amounts without being concerned about the return and safety of such investment. Highlights Income Tax Tue, 22 Jan 2019 08:28:58 +0530 https://www.taxtmi.com/highlights?id=44042