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Case Law Details

Case Name : Mayurpankh Vincom Pvt. Ltd Vs ITO (ITAT Kolkata)
Related Assessment Year : 2011-12
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Mayurpankh Vincom Pvt. Ltd Vs ITO (ITAT Kolkata)

Unexplained Cash Credits & Bogus Share Dealings — Kolkata ITAT Upholds 68 Additions in Mayurpankh Vincom Pvt Ltd Vs ITO; ITAT Upholds Section 68 Additions After Assessee Fails to Prove Identity and Creditworthiness; Additions Upheld as Assessee Fails to Establish Genuineness of Share Transactions; ITAT Confirms Section 68 Addition for Lack of Evidence Linking Credits to Genuine Business Transactions; Section 68 Addition Upheld as Assessee Fails Thre

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Author Bio

CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

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