https://www.taxtmi.com/highlights?id=48646 Addition unexplained cash credit u/s 68 - shares were issued at premium to certain companies in lieu of the shares held by the said companies and there was thus no inflow of cash involved in these transactions - since there was no real credit of cash in the cash book and the question of inclusion of the amount of the entry as unexplained cash credit could not arise - provision of section 68 is not applicable en-us Wed, 14 Aug 2019 07:05:03 +0530 Wed, 14 Aug 2019 07:05:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48646 Addition unexplained cash credit u/s 68 - shares were issued at premium to certain companies in lieu of the shares held by the said companies and there was thus no inflow of cash involved in these transactions - since there was no real credit of cash in the cash book and the question of inclusion of the amount of the entry as unexplained cash credit could not arise - provision of section 68 is not applicable Highlights Income Tax Wed, 14 Aug 2019 07:05:03 +0530 https://www.taxtmi.com/highlights?id=48646