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2013 (3) TMI 11 - HC - Income TaxUnaccounted share application money - addition u/s 68 - Held that:- As decided in Jaya Securities Ltd. v. Commissioner of Income Tax [2007 (5) TMI 552 - HIGH COURT OF ALLAHABAD] no addition under section 68 could be made in respect of the subscription amount towards the share capital of a company limited by shares whether it is private or public relying on case of CIT v. Steller Investment Ltd. [1991 (4) TMI 100 - DELHI HIGH COURT] upheld by the Apex Court in the case of CIT v. Steller Investment Ltd. [2000 (7) TMI 76 - SUPREME COURT] - in favour of assessee.
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