The Important Highlights Of The Anil Chhaganlal vs. ACIT Case
The Case of Anil Chhaganlal vs. ACIT was held in ITAT Mumbai. It falls under the Section 68 of the
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Section 68
Receipt of share premium can’t be assessed as unexplained credit where the transaction, identity of the payer and capacity of the subscriber are genuine
As per section 68 of the Income Tax Act, if the shares are issued at the premium which defies commercial
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Digging deeper into unexplained cash credit as per provisions of Section 68
It is a strange world nowadays where even corruption carries creativity with innovative tax evasion techniques cropping up every other
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No addition under section 68 if one can prove the authenticity of a transaction
Prove Authenticity of Transaction to avoid Addition under Section 68 The Delhi High Court in the case of Commissioner of
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Tax Rates on undisclosed income sky rocketing at 82.5%- Tax Planning and not Tax evasion need of the hour
If you have got any credit in Bank account, that may not necessarily be an explained income. In some cases
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Section 115BBE and 68: Taxation of unexplained income
Here in this blog, we try to highlight the unrecognized Section 115BBE of the Income-tax Act, which was applicable from
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