https://www.taxtmi.com/highlights?id=56528 Addition u/s 68 - share application monay - unaccounted money has been laundered by creating fagade of paper work - shares issued to sister concern i.e., sole share applicant/ subscriber - there can be no doubt against the identity, creditworthiness and genuineness - CIT(A) has clearly given a finding a fact that the share applicant company had enough fund for subscribing for shares in the assessee-company which factual finding have not been challenged by the Revenue/Department in this appeal, so this finding of fact crystallizes. - AT en-us Mon, 01 Feb 2021 07:09:49 +0530 Mon, 01 Feb 2021 07:09:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56528 Addition u/s 68 - share application monay - unaccounted money has been laundered by creating fagade of paper work - shares issued to sister concern i.e., sole share applicant/ subscriber - there can be no doubt against the identity, creditworthiness and genuineness - CIT(A) has clearly given a finding a fact that the share applicant company had enough fund for subscribing for shares in the assessee-company which factual finding have not been challenged by the Revenue/Department in this appeal, so this finding of fact crystallizes. - AT Highlights Income Tax Mon, 01 Feb 2021 07:09:49 +0530 https://www.taxtmi.com/highlights?id=56528