https://www.taxtmi.com/highlights?id=60427 Addition u/s 68 - unexplained share application money - It is not a case that the assessee had filed merely a confirmatory letters of share applicants but it is a case that the assessee had filed affidavit of the director, certification of incorporation of the share applicants, full particulars of directors of the share applicant companies, bank account of the share applicants, PAN of share applicants, tax returns of the share applicants, audited final accounts i.e. balance sheet & profit & loss account of the share applicants. All these documents proved the identity of the share applicants, creditworthiness of the share applicants and genuineness of the transactions - Additions deleted - AT en-us Wed, 10 Nov 2021 07:01:51 +0530 Wed, 10 Nov 2021 07:01:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60427 Addition u/s 68 - unexplained share application money - It is not a case that the assessee had filed merely a confirmatory letters of share applicants but it is a case that the assessee had filed affidavit of the director, certification of incorporation of the share applicants, full particulars of directors of the share applicant companies, bank account of the share applicants, PAN of share applicants, tax returns of the share applicants, audited final accounts i.e. balance sheet & profit & loss account of the share applicants. All these documents proved the identity of the share applicants, creditworthiness of the share applicants and genuineness of the transactions - Additions deleted - AT Highlights Income Tax Wed, 10 Nov 2021 07:01:51 +0530 https://www.taxtmi.com/highlights?id=60427