Assessee Proves Compliance with Section 68 of Income Tax Act; No Bogus Share Capital or Extra Tax Liabilities Found.

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....Additions u/s 68 - assessee has discharged the onus cast on it by proving all the three ingredients of section 68, namely, the identity and credit worthiness of the persons and the genuineness of the transaction. Further, it is not a case of issue of any bogus share capital with high premium. - No additions.....