Just a moment...

⚠✕
Report
FeedbackReport
Welcome to TaxTMI ✕

We're migrating from taxmanagementindia.com to taxtmi.com and wish to make this transition convenient for you. We welcome your feedback and suggestions. Please report any errors you encounter so we can address them promptly.

Bars
Logo TaxTMI
>
×

By creating an account you can:

Feedback/Report an Error ✕
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home /
PreviousNext

Section 68 Addition Deleted: Share Application Money Credited in Wrong Assessment Year, Company Had No Net Worth.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Addition u/s 68 - share application money was received from the company which is having no net worth - there is no case for making addition for the A.Y. 2012-13 since, the amount was found credited in the books of accounts of F.Y. 2008-09, relevant to the A.Y. 2009-10. - the addition made by the AO deleted. - AT....

PreviousNext