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2018 (5) TMI 1727 - AT - Income TaxAssessment u/s 153C - addition u/s 68 - proof of documents found during search - Held that:- The documents neither suggest any undisclosed income of the assessee nor any nexus with the share capital declared by the assessee - thus the addition made on account of unexplained share capital stood deleted - relying on the decision of COMMISSIONER OF INCOME TAX (CENTRAL) -III VERSUS KABUL CHAWLA [2015 (9) TMI 80 - DELHI HIGH COURT] there is no justification to the addition made against the assessee - Decided in favor of assessee.
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