AO was authorized to inquire about share application money even under non-amended provisions of sec. 68: HC

INCOME TAX : Even under non-amended provision of section 68, an Income-tax Officer was not precluded from making an inquiry about true nature and source of sum found credited in books of assessee, even if same was credited as receipt of share application moneyINCOME TAX : Even under non-amended provision of section 68, an Income-tax Officer was not precluded from making an inquiry about true nature and source of sum found credited in books of assessee, even if same was credited as receipt of share application moneywww.taxmann.com Latest Case LawsRead More

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