https://www.taxtmi.com/highlights?id=59617 Addition u/s 68 - Unexplained share application money - onus to prove - In the case on hand, the assessee miserably failed to discharge the primary onus cast upon them - AO conducted a detailed enquiry, issued summons, recorded statements, permitted the authorized representative of the assessee to peruse the seized records and in fact, came to a provisional conclusion as to how he intends to proceed and gave further opportunity to the authorized representative of the assessee - Additions confirmed - Order of ITT reversed - HC en-us Fri, 10 Sep 2021 09:06:56 +0530 Fri, 10 Sep 2021 09:06:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59617 Addition u/s 68 - Unexplained share application money - onus to prove - In the case on hand, the assessee miserably failed to discharge the primary onus cast upon them - AO conducted a detailed enquiry, issued summons, recorded statements, permitted the authorized representative of the assessee to peruse the seized records and in fact, came to a provisional conclusion as to how he intends to proceed and gave further opportunity to the authorized representative of the assessee - Additions confirmed - Order of ITT reversed - HC Highlights Income Tax Fri, 10 Sep 2021 09:06:56 +0530 https://www.taxtmi.com/highlights?id=59617