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Challenge to Section 68: Director's Share Capital Cheques Deemed Genuine After AO Review with Full Documentation.

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Full Text of the Document

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....Addition u/s 68 - share capital account received from Director by way of two cheques who was produced before AO alongwith their copy of account, balance-sheet income-tax return and even they are assessed in the same jurisdiction - order passed without dealing with all these details, before terming the amount to be non-genuine and making addition is not sustainable....

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