No additions to be made for share application merely on grounds of non-appearance of directors of subscriber co. before AO

INCOME TAX : Where Assessing Officer made an addition under section 68 on account of share capital and share premium amount received by assessee on ground that directors of share subscriber companies did not appear for personal attendance, since assessee had filed an affidavit and submitted that it undertook to produce directors of subscriber companies and also file all necessary evidence as required by Assessing Officer, impugned addition was to be set aside and matter was to be remanded

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