https://www.taxtmi.com/highlights?id=57630 Addition u/s 68 - undisclosed share application monies received from 5 companies - AO could have carried out independent verification of all the parties by issuing summons under section 131 of the Act. The assessing officer has not made any further investigation to controvert the claims of the assessee but proceeded to make the addition heavily relying on the information of investigation wing - No addition could be made - AT en-us Fri, 16 Apr 2021 22:19:43 +0530 Fri, 16 Apr 2021 22:19:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57630 Addition u/s 68 - undisclosed share application monies received from 5 companies - AO could have carried out independent verification of all the parties by issuing summons under section 131 of the Act. The assessing officer has not made any further investigation to controvert the claims of the assessee but proceeded to make the addition heavily relying on the information of investigation wing - No addition could be made - AT Highlights Income Tax Fri, 16 Apr 2021 22:19:43 +0530 https://www.taxtmi.com/highlights?id=57630