No sec. 68 additions on share premium if assessee furnished documentary evidences to establish its genuineness: ITAT

INCOME TAX : Where assessee company issued shares at premium and received share capital and share premium of certain amount, since assessee had filed documentary evidences in respect of all share allotees such as copy of PAN, copy of share application, confirmation of receipt of shares, copy of share certificate, copy of ITR acknowledgement, affidavit, bank statement so as to prove identity and creditworthiness of parties and genuineness of transactions,

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