Assessment Reopened: Additions Confirmed u/s 68 Due to Unproven Genuineness of Share Subscription Transactions.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Reopening of assessment - Addition u/s 68 for alleged accommodation entries - There is thus no escape from proving genuineness of a transaction. The assessee has failed to do so - Additions towards share subscription received confirmed.....