Court Overturns CIT(A) Decision; Demands Stronger Proof for Share Capital Receipts u/s 68 by Assessee.

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....Addition u/s 68 - Unexplained share capital receipt - Mere paperwork by the assessee does not take the authorities anywhere, when the learned AO suspected the real existence of the entities that applied and paid for share application and share premium and insisted that a higher degree of proof is required in that respect. - Order of the CIT(A) deleting the additions, set aside - AT....