Assessee Accused of Collecting Rs. 15 Crores from Public; Over 1,500 Investors File FIRs and Lawsuits.

Assessee Accused of Collecting Rs. 15 Crores from Public; Over 1,500 Investors File FIRs and Lawsuits. https://www.taxtmi.com/highlights?id=47839 Addition to equity & to unsecured loans & sundry creditors - when 1500 investors have filed FIR's & law suits claiming about ₹ 15 crores as paid by them and Crime Branch status report clearly establishes that the assessee had collected funds from public at large and had not repaid them - Therefore, the existence of the depositors cannot be doubted - no addition called for en-us Thu, 11 Jul 2019 07:40:04 +0530 Thu, 11 Jul 2019 07:39:41 +0530 TaxTMI RSS Generator Assessee Accused of Collecting Rs. 15 Crores from Public; Over 1,500 Investors File FIRs and Lawsuits. https://www.taxtmi.com/highlights?id=47839 Addition to equity & to unsecured loans & sundry creditors - when 1500 investors have filed FIR's & law suits claiming about ₹ 15 crores as paid by them and Crime Branch status report clearly establishes that the assessee had collected funds from public at large and had not repaid them - Therefore, the existence of the depositors cannot be doubted - no addition called for Highlights Income Tax Thu, 11 Jul 2019 07:40:04 +0530 https://www.taxtmi.com/highlights?id=47839