Unexplained Cash Credits u/s 68: Assessing Officer Treats Share and Security Premiums as Unaccounted Income.

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....Addition u/s 68 - Unexplained cash credits - share premium & security premium - source of alleged cash credit could not be explained - the provisions of section 68 have rightly been invoked by ld. AO and alleged sum is rightly treated as the unaccounted income of assessee, which has been routed in the books through bogus/accommodation entry in the form of share capital and security premium. - AT....