Sec. 68 additions justified as assessee failed to establish genuineness of share capital

IT: Where assessee company had received share capital of huge amount from several companies, in view of fact that share applicants had very meagre income, thus, they did not have creditworthiness for making such huge investments and genuineness of transactions were also not established from documentary evidences shown by assessee, addition under section 68 in respect of share capital was justified

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