Addition under Section 68 on share premium is unsustainable post-revision, and loan verification is remanded.
Addition under Section 68 on share premium is unsustainable post-revision, and loan verification is remanded. Issue Whether an addition under Section 68 towards share premium in a consequential assessment order is sustainable when the PCIT, in the Section 263 revision order, did not record any finding that the share allotment consideration was fictitious or represented… Read More »