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2010 (9) TMI 140 - DELHI HIGH COURTGenuineness and creditworthiness of the transaction under Section 68 of the Act - assessee has duly established the identity of (HUF) it has also established the genuineness of the transaction with the help of evidence indicating the facts that amounts have been received through banking channel - share application money cannot be regarded as undisclosed income of assessee under Section 68 of Act – Appeal is dismissed.
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