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Sec. 68 additions made without verification of donors of gifts was unjustified; ITAT deleted additions
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Corporate Tax
Sec. 68 additions made without verification of donors of gifts was unjustified; ITAT deleted additions
Posted on
on
February 13, 2018
Tenet Tax Daily February 13 2018
By
tenettax-team
Corporate Tax
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Sale of shares of penny stock cos. at higher rate within yr held as attempt to hedge undisclosed income as LTCG: HC
Discount on shares issued under ESOP was allowable deduction under section 37(1): ITAT