Court Rules Against Assessee for Unexplained Share Capital u/s 68 Due to Lack of Credible Evidence and Genuine Transactions.

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....Addition u/s 68 - unexpalined share capital - the evidences furnished by the assessee did not establish the creditworthiness of the parties to make the impugned investment in share capital, and the genuineness of the transactions therefore remained unproved. Decided against assessee.- AT....