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2017 (11) TMI 1635 - HC - Income TaxAdditions u/s 68 - unexplained share application money - ITAT deleted the additions - revenue contended that the share applications alongwith premium were merely accommodation entries and the identity, genuineness and creditworthiness of the applicants was not proved. - Additions u/s 69B - commission payment made for obtaining accommodation entry - Held that:- Now the issue is squarely covered by the decision of Supreme Court in case of Lovely Exports (P) Ltd., [2008 (1) TMI 575 - SUPREME COURT OF INDIA] - No additions - Decided against the revenue.
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