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2010 (9) TMI 143 - DELHI HIGH COURTUndisclosed income under sec. 68 of IT Act, 1961 – Tribunal deleted additions made by Ao - company proved the establishment of the identity of the share appellants – Held that: - no merit in this Special Leave Petition for the simple reason that if the share application money is received by the assessee company from alleged bogus shareholders, whose names are given to the AO, then the Department is free to proceed to reopen their individual assessments in accordance with law - Special Leave Petition is dismissed.
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