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2019 (9) TMI 1622 - AT - Income TaxAddition u/s 68 - whether the AO can make an addition of only the share premium u/s 68 while accepting the share application money at face value to be genuine? - HELD THAT:- As relying on M/s. Trend Infra Developers Pvt. Ltd. [2018 (11) TMI 1131 - ITAT KOLKATA] we have to necessarily hold that the addition of only share premium by accepting the face value of the shares as genuine, cannot be sustained. Thus, we uphold the order of the ld. CIT(A) and dismiss this appeal of the revenue.
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