Section 68: No Double Taxation on Unexplained Investments for Both Investor and Investee Companies Under Income Tax Act.

Section 68: No Double Taxation on Unexplained Investments for Both Investor and Investee Companies Under Income Tax Act. https://www.taxtmi.com/highlights?id=53040 Addition u/s 68 - Once addition is made in the hands of the investor company for this reason that the source could not be explained by the investor company, it cannot be said that the amount of same investment is belonging to the investee company and addition cannot be made again in the hands of the investee company. - AT en-us Sat, 18 Apr 2020 14:45:22 +0530 Sat, 18 Apr 2020 14:45:22 +0530 TaxTMI RSS Generator Section 68: No Double Taxation on Unexplained Investments for Both Investor and Investee Companies Under Income Tax Act. https://www.taxtmi.com/highlights?id=53040 Addition u/s 68 - Once addition is made in the hands of the investor company for this reason that the source could not be explained by the investor company, it cannot be said that the amount of same investment is belonging to the investee company and addition cannot be made again in the hands of the investee company. - AT Highlights Income Tax Sat, 18 Apr 2020 14:45:22 +0530 https://www.taxtmi.com/highlights?id=53040