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2011 (3) TMI 954 - AT - Income TaxAddition - Unexplained credit - Share application money and money received against sale of shares - The A.O. refers to an enquiry conducted by the investigation wing of the department, no attempt is made by him to establish the fact that the money in question has originated from the coffers of the assessee company - Merely casting a shadow of doubt is not sufficient to charge the assessee with the tax liability without collecting positive evidences to covert the doubts into a real act of tax evasion - Hence, the addition is not sustainable and is accordingly being deleted.
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