Section 68 Additions Confirmed for Unexplained Cash Credits Due to Minimal Income of Share Applicant Companies with Large Transactions.

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....Additions u/s 68 - unexplained cash credit - From the details of share applicants companies it is clear that they have meagre income or nil income - As per the bank statement, huge transactions have been made and the amount i.e. more or less have been withdrawn on the same day - Additions confirmed.....