Assessee Accused of Collecting Rs. 15 Crores from Public; Over 1,500 Investors File FIRs and Lawsuits.

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Full Text of the Document

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....Addition to equity & to unsecured loans & sundry creditors - when 1500 investors have filed FIR's & law suits claiming about ₹ 15 crores as paid by them and Crime Branch status report clearly establishes that the assessee had collected funds from public at large and had not repaid them - Therefore, the existence of the depositors cannot be doubted - no addition called for....