Commissioner of Income Tax Versus Sh. Udit Narain Agrawal C/o Agra Roller Flour Mills - Income Tax - ALLAHABAD HIGH COURT - HC - Addition u/s 68 of the Income tax act Addition on account of sale of shares Held that - It is well established by the appellant regarding genuineness of share transaction and he has sufficiently discharged the onus cast upon him. AO s action is not well founded in position of law in adding entire amount of sale of shares as income from undisclosed and unexplained s................................... Income Tax - Case Laws
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