Assessee's Income Stands: CIT(A) Accepts Documentation on Share Capital, Premium, and Application Money, No Additions Made.

Assessee's Income Stands: CIT(A) Accepts Documentation on Share Capital, Premium, and Application Money, No Additions Made. https://www.taxtmi.com/highlights?id=55600 Unexplained share capital - share premium and share application money - Ld.CIT(A) has noted as assessee has filed the confirmation letters, copies of ITRs, copies of bank statements of five parties, who invested share capital. Besides, the assessee has filed the allotment letters, returns as filed with the AO along with Board’s resolution for allotment of shares - No addition could be made - AT en-us Mon, 23 Nov 2020 14:23:36 +0530 Mon, 23 Nov 2020 14:23:36 +0530 TaxTMI RSS Generator Assessee's Income Stands: CIT(A) Accepts Documentation on Share Capital, Premium, and Application Money, No Additions Made. https://www.taxtmi.com/highlights?id=55600 Unexplained share capital - share premium and share application money - Ld.CIT(A) has noted as assessee has filed the confirmation letters, copies of ITRs, copies of bank statements of five parties, who invested share capital. Besides, the assessee has filed the allotment letters, returns as filed with the AO along with Board’s resolution for allotment of shares - No addition could be made - AT Highlights Income Tax Mon, 23 Nov 2020 14:23:36 +0530 https://www.taxtmi.com/highlights?id=55600