Sec 69(b) of incometax

yes, i think so because the term valuable articles include capital assets also.....

Dear Pankaj,

Section 69B is for all the assets.

So it doesn't makes any difference whether it is capital or any other asset.

This section is apply by A.O.

Regards

Deepika Jain

Chartered Accountant

Dear Pankaj,

Section 69B is for all the assets.

So it doesn't makes any difference whether it is capital or any other asset  because it about undervaluation of assets.

This section is apply by A.O.

Regards

Deepika Jain

Chartered Accountant