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2017 (7) TMI 1173 - RAJASTHAN HIGH COURTAddition u/s.68 - assessee neither proved the identity of the share applicant nor substantiated the credit worthiness of the share applicant and hence failed to discharge its onus u/s.68 - Held that:- The application which was made by the applicant was by account payee cheque in the name of the company or in the name of the assessee, therefore, the assessee cannot be assessed for the applicant, who is paid by the account payee cheque. No substantial question of law arises in the appeal.
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