Doubtful Transaction: Unexplained Cash Credit u/s 68 Due to Lack of Business Activity or Expansion Plans.

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....Unexplained cash credit u/s 68 - Genuineness of the transaction is in serious doubt because why some private limited companies would invest a huge sum into the share capital of a company having no regular business activity and no concrete plan for any expansion. - The assessee has failed to discharge its onus to explain the genuineness of the transaction - Additions confirmed - AT....