Share Application Money Case: Creditworthiness Confirmed, No Additions Made After Investor Documentation Submitted to Assessing Officer.

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....Addition on account of share application money received - With regards to the credit worthiness of the party, the respondent has submitted the books of accounts, return of income and audit report of the investor companies. Even, both the investor companies have also submitted the documents as required by the AO. Further, the director of the company has appeared before the AO and confirmed the transactions. - No additions - AT....