Section 68: Relief Denied in Recovery Proceedings Due to Lack of Prima Facie Case on Transaction Genuineness and Creditworthiness.

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....Recovery proceedings - stay applications - Addition u/s 68 - genuineness of the transaction and creditworthiness of the investors/loan depositors - as determined by the Assessing Officer, a prima facie case is not made out and such a relief is not warranted. - HC....