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Section 68 Cash Credit: Court Finds CCPS Transaction Explanation Adequate, Supports Company's Position on Investment Genuineness.

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Full Text of the Document

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....Addition of unexplained cash credit u/s 68 - whether nature and genuineness of the transaction of investment of Compulsorily Convertible Preference Shares ("CCPS") in the assessee Company is explained - Held Yes - AT....

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