Sec. 68 additions justified if assessee received share capital from 5 paper Cos. maintained by single person: SC

INCOME TAX : SLP dismissed against High Court ruling that where Assessing Officer made additions to assessee's income under section 68 in respect of amount received as share capital from several companies, in view of fact that all of these companies were maintained by one person who was engaged in providing accommodation entries through paper companies and all such companies were located at same address, impugned addition was justified

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