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2006 (8) TMI 117 - HC - Income TaxAssessee had received an amount of ₹ 15 lakhs towards share capital contribution from one of its Directors – AO added the share capital money as unexplained cash credit u/s 68 – Once genuineness and creditworthiness of creditor is established then Revenue can’t go further to find out genuineness and creditworthiness of the person from whom that creditor received cheques – deletion of the addition was justified
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