Additions towards share application money valid as no evidence furnished to prove applicant’s creditworthiness : ITAT

INCOME TAX : Where assessee raised share application money from share applicants, however, in confirmation of share applicants filed by assessee it was not mentioned whether share application money had been given in cash or through bank account and no evidence of share applicants' creditworthiness had been filed, addition made for unexplained share capital was justified

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