Unexplained Cash Credits u/s 68: Assessing Officer Treats Share and Security Premiums as Unaccounted Income. https://www.taxtmi.com/highlights?id=67503 Addition u/s 68 - Unexplained cash credits - share premium & security premium - source of alleged cash credit could not be explained - the provisions of section 68 have rightly been invoked by ld. AO and alleged sum is rightly treated as the unaccounted income of assessee, which has been routed in the books through bogus/accommodation entry in the form of share capital and security premium. - AT en-us Thu, 05 Jan 2023 17:27:28 +0530 Thu, 05 Jan 2023 17:27:28 +0530 TaxTMI RSS Generator Unexplained Cash Credits u/s 68: Assessing Officer Treats Share and Security Premiums as Unaccounted Income. https://www.taxtmi.com/highlights?id=67503 Addition u/s 68 - Unexplained cash credits - share premium & security premium - source of alleged cash credit could not be explained - the provisions of section 68 have rightly been invoked by ld. AO and alleged sum is rightly treated as the unaccounted income of assessee, which has been routed in the books through bogus/accommodation entry in the form of share capital and security premium. - AT Highlights Income Tax Thu, 05 Jan 2023 17:27:28 +0530 https://www.taxtmi.com/highlights?id=67503