https://www.taxtmi.com/highlights?id=57852 Reopening of assessment u/s 147 - Addition u/s 68 - Upon perusal of assessee’s written submissions as placed on record, another pertinent fact to be noted is that all the 16 investor entities has sufficient net worth (shares capital + reserves & surplus) to make investment in the assessee and the percentage of investment made by them in the assessee company is merely in the range of 0.02% to 11.86 % of their respective net worth. - Additions to be deleted - AT en-us Wed, 05 May 2021 11:41:33 +0530 Wed, 05 May 2021 11:41:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57852 Reopening of assessment u/s 147 - Addition u/s 68 - Upon perusal of assessee’s written submissions as placed on record, another pertinent fact to be noted is that all the 16 investor entities has sufficient net worth (shares capital + reserves & surplus) to make investment in the assessee and the percentage of investment made by them in the assessee company is merely in the range of 0.02% to 11.86 % of their respective net worth. - Additions to be deleted - AT Highlights Income Tax Wed, 05 May 2021 11:41:33 +0530 https://www.taxtmi.com/highlights?id=57852