99 results for “section 68”+ Section 20clear
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In the result, both the appeals of the Revenue are dismissed
Bench: Dr. Manish Borad & Shri Sonjoy Sarma
68 of the Act during the course of original assessment proceedings. Subsequently re-assessment proceedings were initiated and reasons were recorded for reopening and the said reasons were only to examine the amount received by the assessee-company towards share capital and share premium. The ld. D.R. failed to rebut this fact that the issues, which have been thoroughly examined