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2013 (4) TMI 898 - HC - Income TaxExtract: .......n the the appeal. The appeal is dismissed summarily. However, otherwise also in view of the judgment of the Apex Court in the case of CIT vs Lovely Exports (P) Ltd., 216 CTR 195, the law is in favour of the assessee respondents wherein it has been held that the share application money cannot be added in the income of the assesee company. Dismissed.
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