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2022 (5) TMI 1586 - ITAT KOLKATAUnexplained cash credit u/s 68 - bogus share capital - HELD THAT:- Assessee has raised share capital of huge amount but has not filed any evidences to prove the identity and creditworthiness of the investors as well as the genuineness of the transactions and there is no materials before us to take a contrary view. No reason to interfere with the decision of the CIT(A) as the share capital raised by the assessee remained unproved. Decided against assessee.
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