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2017 (3) TMI 319 - AT - Income TaxReopening of assessment - accommodation entries from the bogus companies - Held that:- The assessee had received the money as share application money from the companies which were genuine, their creditworthiness was proved, the transaction was genuine through banking channel and all the requisite details asked by the AO were furnished. Therefore, the addition made by the AO was rightly deleted by the ID. CIT(A). - Decided in favour of assessee.
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