https://www.taxtmi.com/highlights?id=69607 Unexplained cash credit u/s 68 - Genuineness of the transaction is in serious doubt because why some private limited companies would invest a huge sum into the share capital of a company having no regular business activity and no concrete plan for any expansion. - The assessee has failed to discharge its onus to explain the genuineness of the transaction - Additions confirmed - AT en-us Fri, 05 May 2023 17:25:05 +0530 Fri, 05 May 2023 17:25:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69607 Unexplained cash credit u/s 68 - Genuineness of the transaction is in serious doubt because why some private limited companies would invest a huge sum into the share capital of a company having no regular business activity and no concrete plan for any expansion. - The assessee has failed to discharge its onus to explain the genuineness of the transaction - Additions confirmed - AT Highlights Income Tax Fri, 05 May 2023 17:25:05 +0530 https://www.taxtmi.com/highlights?id=69607