Unexplained Cash Credit u/s 68: Scrip Trades at 50x Face Value, Suggests Possible Price Manipulation and Paper Company Concerns.
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....Unexplained cash credit u/s.68 - For a scrip to trade at nearly 50 times its’ face value, only a few months after its issue, only implies, if not price manipulation, trail blazing performance and/or great business prospects is conspicuous by its absence, i.e., even years after the transaction/s - The company is, by all counts, a paper company - AT....
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