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2011 (9) TMI 616 - DELHI HIGH COURTUnexplained Cash Credits - Share application for issue of Share Capital - Held That:- Assessee not able to discharge the primary onus to proof prove the cash credit. No shareholders of the company were produced for verification, further signatures were also forged. Banks report stated , share application money were received from Mr. Aggarwal through his proprietary concern and thus, transactions were not genuine.
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