INCOME TAX : Where investor company was a public company listed with BSE and having sufficient earnings and reserves to justify investment in share capital of assessee-company and alleged accommodation entry provider was not managing and controlling investor company for purpose of providing accommodation entries, such share capital/premium from investor company could not be added to income of assessee under section 68INCOME TAX : Where investor company was a public company listed with BSE and having sufficient earnings and reserves to justify investment in share capital of assessee-company and alleged accommodation entry provider was not managing and controlling investor company for purpose of providing accommodation entries, such share capital/premium from investor company could not be added to income of assessee under section 68www.taxmann.com Latest Case LawsRead More
