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2010 (11) TMI 57 - PUNJAB AND HARYANA HIGH COURTShare capital - Income from undisclosed sources (under Section 68 of the Income Tax Act, 1961) - Assessing Officer made addition to the declared income of the assessee - Held that: - in the case of Lovely Exports (supra), the addition and enhancement made in the hands of the assessee on account of lack of creditworthiness ofshare applicants, cannot be made - assessee had succeeded in the rectification proceedings - Appeal is dismissed
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