https://www.taxtmi.com/highlights?id=66364 Addition u/s 68 - If the assessee is unable to explain the alleged cash credit and consistent escaped, the provisions of section 68 of the Act are rightly invoked by ld.AO. Thus, we are of the view that the assessee has routed its unaccounted income in the books of account in the form of share capital by arranging bogus share capital and share premium through accommodation entry provider and shell companies. - AT en-us Fri, 04 Nov 2022 14:34:50 +0530 Fri, 04 Nov 2022 14:34:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66364 Addition u/s 68 - If the assessee is unable to explain the alleged cash credit and consistent escaped, the provisions of section 68 of the Act are rightly invoked by ld.AO. Thus, we are of the view that the assessee has routed its unaccounted income in the books of account in the form of share capital by arranging bogus share capital and share premium through accommodation entry provider and shell companies. - AT Highlights Income Tax Fri, 04 Nov 2022 14:34:50 +0530 https://www.taxtmi.com/highlights?id=66364