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No addition u/s 68 of ₹2.30 Crore as assessee had duly discharged burden of proof of share transactions

RATHI 23 Oct 2024 459 Views 0 comment Print Income Tax | Judiciary

Case Law Details

Case Name : Shankar Traders & Distributors Pvt Ltd Vs ITO (ITAT Kolkata)

Appeal Number : I.T.A. No. 199/KOL/2024

Date of Judgement/Order : 03/10/2024

Related Assessment Year : 2012-13

Courts : All ITAT ITAT Kolkata

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Shankar Traders & Distributors Pvt Ltd Vs ITO (ITAT Kolkata)

Conclusion: Where assessee had successfully discharged the burden of proof primarily casted upon it to explain the identity and creditworthiness of all the alleged thirteens share applicants / shareholder and genuineness of the share transactions and corre

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