Daily Archives: March 24, 2019

Assessee failed to explain Source of income of Share Capital : Addition upheld by ITAT

By | March 24, 2019

we are of the opinion that share applicant entities are paper entities created by some individuals for providing entries to the persons including the assessee, not having tax paid capital for promoting their ventures. As the entries of credit are appearing in the books of the assessee, it was the onus of the assessee to… Read More »