Home › Tax Laws › J.J. Development (P.) Ltd. v. CIT (2018) 100 taxmann.com 101 / 259 Taxman 415 (Cal.)(HC) Editorial: SLP of assessee is dismissed, J.J. Development (P.) Ltd. v. CIT (2018) 259 Taxman 414 (SC)

J.J. Development (P.) Ltd. v. CIT (2018) 100 taxmann.com 101 / 259 Taxman 415 (Cal.)(HC) Editorial: SLP of assessee is dismissed, J.J. Development (P.) Ltd. v. CIT (2018) 259 Taxman 414 (SC)

S. 68 : Cash credits -Share capital–Documents were not produced– Addition is held to be justified.

Assessee received the amount as share capital. Documents pertaining to share applicants produced by assessee did not demonstrate that such alleged applicants had invested in share capital of assessee. Addition was confirmed by the Tribunal. High Court also affirmed the order of Tribunal.