ITO, WARD-7(1), NEW DELHI vs. DELIGHT RESORTS P.LTD, GHAZIABAD
ITA 6401/DEL/2017[2014-15]Status: DisposedITAT Delhi18 Mar 2021AY 2014-15
Bench: Shri Amit Shukla & Shri Prashant Maharishi
section 68
w.e.f. 01.04.2013 cannot be Amt received through held, or interpreted, to be private placement
–
retrospective in nature contributors personally
Assessee cannot be known to assessee – must fastened with the liability be aware of whereabouts - u/s 68 unless a causal corporate veil needs to be connection between the lifted – assessee converted cash deposit in the bank its unaccounted
