https://www.taxtmi.com/highlights?id=30285 Reopening of assessment - Addition u/s 68 - What was received from these companies was loan, which was also repaid within a short time and there was no share application money in any form. If this be so, the very foundation of the reason recorded by the Assessing Officer for reopening the assessment fails - HC en-us Wed, 13 Jul 2016 13:00:26 +0530 Wed, 13 Jul 2016 13:00:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=30285 Reopening of assessment - Addition u/s 68 - What was received from these companies was loan, which was also repaid within a short time and there was no share application money in any form. If this be so, the very foundation of the reason recorded by the Assessing Officer for reopening the assessment fails - HC Highlights Income Tax Wed, 13 Jul 2016 13:00:26 +0530 https://www.taxtmi.com/highlights?id=30285