DIRECT TAXATION - Addition for Unexplained Share Capital and Share Premium Can’t be Made Prior to 2013 Amendment: ITAT - 27.03.2019

Income Tax Appellate Tribunal (ITAT) has held that addition in respect of share capital and premium by treating the same as unexplained cannot be made u/s 68 of the Income Tax Act, 1961 before the amendment to the provision in the year 2013.

Tags : Income Tax Appellate Tribunal ITAT Income Tax Act 1961

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