Case Law Details
Case Name : CIT Vs GLIX Securities Private Limited (ITAT Kolkata)
Related Assessment Year : 2011-12
Courts :
All ITAT ITAT Kolkata
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
CIT Vs GLIX Securities Private Limited (ITAT Kolkata)
Share Capital & Loans Fully Explained – 9.35 Cr u/s 68 Addition Collapses: Documents Win, Suspicion Fails – Once Identity, Creditworthiness & Genuineness Proved, 68 Cannot Survive
Revenue reopened Assessee’s case alleging that share capital/premium of ₹2,25,00,000 & unsecured loans of ₹7,10,00,000 were routed through shell companies & therefore liable to addition u/s 68. AO held that though Assess 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
