https://www.taxtmi.com/highlights?id=68295 Addition u/s 68 - Assessee received premium of Rs.499/- against the value of share at Rs.1/- They have not given any explanation of the source of money in their hands for making payments to the assessee as share application money in cash. Therefore, revenue authorities have rightly treated it as bogus and sham transactions. AO has rightly made the addition - AT en-us Thu, 16 Feb 2023 08:49:09 +0530 Thu, 16 Feb 2023 08:49:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68295 Addition u/s 68 - Assessee received premium of Rs.499/- against the value of share at Rs.1/- They have not given any explanation of the source of money in their hands for making payments to the assessee as share application money in cash. Therefore, revenue authorities have rightly treated it as bogus and sham transactions. AO has rightly made the addition - AT Highlights Income Tax Thu, 16 Feb 2023 08:49:09 +0530 https://www.taxtmi.com/highlights?id=68295