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Court Rules Unexplained Share Capital u/s 68 Must Be Justified; Scrutinizes Unusual Large Investments Without Clear Returns.

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Full Text of the Document

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....Addition u/s 68 - unexplained money receipt in the form of share capital/share premium - The reasoning given is contrary to human probabilities, for in the normal course of conduct, no one will make investment of such huge amounts without being concerned about the return and safety of such investment.....

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