https://www.taxtmi.com/highlights?id=47730 Addition of undisclosed income u/s 69B - purchase of share from its directors and their closely held companies - nothing on record would demonstrate any exchange / flow of funds, out of books, between the assessee and the sellers - in the absence of any evidences establishing receipts & payments outside regular books of accounts, the provisions of Section 69B could not be invoked - addition deleted en-us Sat, 06 Jul 2019 08:00:19 +0530 Sat, 06 Jul 2019 15:33:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47730 Addition of undisclosed income u/s 69B - purchase of share from its directors and their closely held companies - nothing on record would demonstrate any exchange / flow of funds, out of books, between the assessee and the sellers - in the absence of any evidences establishing receipts & payments outside regular books of accounts, the provisions of Section 69B could not be invoked - addition deleted Highlights Income Tax Sat, 06 Jul 2019 08:00:19 +0530 https://www.taxtmi.com/highlights?id=47730