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Provisions of section 68 not attracted as investment by investor companies explained

POONAM GANDHI 23 May 2023 1,956 Views 0 comment Print Income Tax | Judiciary

Case Law Details

Case Name : ACIT Vs Surya Global Steel Tubes Ltd (ITAT Delhi)

Appeal Number : ITA No. 4778/Del/2016

Date of Judgement/Order : 09/05/2023

Related Assessment Year : 2009-10

Courts : All ITAT ITAT Delhi

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ACIT Vs Surya Global Steel Tubes Ltd (ITAT Delhi)

ITAT Delhi held that provisions of section 68 of the Income Tax Act are not attracted as the investment by the investor companies is duly explained. Further, identity, genuineness of transactions and creditworthiness of investor companies duly proved.

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Name: POONAM GANDHI

Qualification: CA in Practice

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Location: AHMEDABAD, Gujarat, India

Member Since: 14 Feb 2019 | Total Posts: 5433

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