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2013 (2) TMI 44 - ALLAHABAD HIGH COURT
Bogus share application money - ITAT deleted the addition - Held that:- Five companies subscribing the equity shares were identified and they had submitted their bank statements, cash extracts and returns filing receipts. As such identity of the share applicant companies and purchase of share had been proved by the assessee, thus as decided in CIT Versus Steller Investment Ltd [2000 (7) TMI 76 - SUPREME COURT] in case of capital contributed by a shareholder, the identity of the shareholder is only required to be proved - in favour of assessee.