Filing of an audit report in Form 10CCB for claiming a deduction under s 80-IB.
Cash credits — Where the identity and creditworthiness of the companies who had allegedly paid the share application money and the genuineness of the transaction had not been proved, the AO was justified in making an addition under s 68, as held by MadHC in CIT v AKS Alloys (P) Ltd — In favour of: The assessee.
Decided on: 14 December 2011.
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