No Addition u/s 68 – Share Application Money Proven with Documents

Inter Publicity Pvt. Ltd. Vs DCIT (ITAT Mumbai)

Introduction: The recent order from ITAT Mumbai, dated 17/10/2023, in the case of Inter Publicity Pvt. Ltd. vs. DCIT sheds light on the assessment year 2014-15. The appeal addresses concerns about additions under section 68 of the Income Tax Act related to share application money.

Detailed Analysis: The order discusses the background, search operations, and assessments conducted on the assessee. It outlines t

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