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2019 (7) TMI 1725 - ITAT MUMBAIAddition u/s 68 - bogus share application money and share premium received as bogus accommodation entries provided by Shri Mukesh Choksi and Shri Shirish Shah - CIT-A deleted the addition - HELD THAT:- In the present assessment year assessee has submitted that it has submitted all the information and documents. Not specific defect in the same has been pointed out by the assessing officer. Assessing officer has solely gone on the investigation done in the case of third parties. As a matter of fact, no summons were issued by the assessing officer to the share applicants the present case. For assessment year 2006-07, even notice under section 133(6) were not issued. As assessee has discharged its onus and no addition under section 68 is warranted. Accordingly we uphold the order of learned CIT-A. - Decided in favour of assessee.
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