October 2018

1 Section 68: Cash credits-Share application money-Permanent account numbers, bank details of share applicants and affidavits of share applicant company was furnished - share application money cannot be considered as unexplained cash credits.

K. B. Bhujle, Advocate

1.        Pr. CIT-4 vs. Acquatic Remedies Pvt. Ltd [ Income tax Appeal no 83 of 2016, Dated: 30th July, 2018 (Bombay High Court)]. 

Past Issues

Current Issue