Additions u/s 68 deleted as assessee proves investor identity, creditworthiness, and transaction genuineness. No need to produce directors.

Additions u/s 68 deleted as assessee proves investor identity, creditworthiness, and transaction genuineness. No need to produce directors. https://www.taxtmi.com/highlights?id=67776 Addition u/s 68 - the assessee has furnished all the evidences proving identity and creditworthiness of the investors and genuineness of the transactions - AO simply harped on the non production of directors of the assessee and share subscribing companies to make the addition which is not correct - Additions deleted - AT en-us Wed, 18 Jan 2023 12:40:59 +0530 Wed, 18 Jan 2023 12:40:59 +0530 TaxTMI RSS Generator Additions u/s 68 deleted as assessee proves investor identity, creditworthiness, and transaction genuineness. No need to produce directors. https://www.taxtmi.com/highlights?id=67776 Addition u/s 68 - the assessee has furnished all the evidences proving identity and creditworthiness of the investors and genuineness of the transactions - AO simply harped on the non production of directors of the assessee and share subscribing companies to make the addition which is not correct - Additions deleted - AT Highlights Income Tax Wed, 18 Jan 2023 12:40:59 +0530 https://www.taxtmi.com/highlights?id=67776