Section 68 Addition: Company Fails to Justify High Share Premium, Creditworthiness in Question Due to Summons Non-Compliance.

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....Addition u/s 68 - unsecured cash credit - compliance of the summon by share applicant company - The companies have shown small amount of income in their hand, which is not sufficient to discharge their creditworthiness - not justified the high amount of the share premium taken - addition sustained....