CORPORATE AND PROFESSIONAL UPDATES 21ST JULY 2018
Direct Tax :ย SC dismisses assessee-companyโs SLP against Allahabad HC judgement upholding addition u/s 68 with respect to share capital subscription as assessee failed to establish identity and genuineness of the investors; Noting that assessee is private limited company and alleged investors were close friends and business associates of its directors and shareholders, HC had …