https://www.taxtmi.com/caselaws?id=76942 The SC Order in 2008 (1) TMI 575 held that share money from alleged bogus shareholders can be treated as undisclosed income under Section 68 of the Income Tax Act, 1961. The court allowed the Department to re-open individual assessments in such cases. en-us Fri, 11 Jan 2008 00:00:00 +0530 Sat, 18 Aug 2018 18:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76942 The SC Order in 2008 (1) TMI 575 held that share money from alleged bogus shareholders can be treated as undisclosed income under Section 68 of the Income Tax Act, 1961. The court allowed the Department to re-open individual assessments in such cases. Case-Laws Income Tax Fri, 11 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76942