https://www.taxtmi.com/highlights?id=72930 Addition u/s 68 - undisclosed income - investment made in shares issued at premium - AO asked himself the wrong question and proceeded thereafter on the wrong path. - AO, instead of making further inquiries, seems to have been burdened by the fact that the premium charged was high, which, according to us, was not the correct test for making an addition u/s 68 - HC en-us Mon, 06 Nov 2023 10:36:50 +0530 Mon, 06 Nov 2023 10:36:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72930 Addition u/s 68 - undisclosed income - investment made in shares issued at premium - AO asked himself the wrong question and proceeded thereafter on the wrong path. - AO, instead of making further inquiries, seems to have been burdened by the fact that the premium charged was high, which, according to us, was not the correct test for making an addition u/s 68 - HC Highlights Income Tax Mon, 06 Nov 2023 10:36:50 +0530 https://www.taxtmi.com/highlights?id=72930