Case Law Details
Case Name : Krypton Distributors LLP Vs ITO (ITAT Kolkata)
Related Assessment Year : 2013-14
Courts :
All ITAT ITAT Kolkata
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Krypton Distributors LLP Vs ITO (ITAT Kolkata)
When Investments Were Accepted in Earlier Years, Sale Proceeds Cannot Be Taxed u/s 68—ITAT Kolkata Deletes ₹80 Lakhs Addition- 132(4) Retractions + No Cash Trail = No 68 Addition
Tribunal considered addition of ₹80,00,000 treated by AO as bogus unsecured loan u/s 68 based on investigation wing input alleging accommodation entries through M/s Startrack Vinimay Pvt Ltd. Assessee explained that it had purchased 40 lakh 2% non-cumulative redeemable preference shares of M/s Easter (India) Chemi
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Author Bio
