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2023 (9) TMI 1031 - AT - Income TaxAddition u/s. 68 - unexplained cash credit in the form of share capital with premium - Onus to prove - HELD THAT:- The assessee has successfully discharged its onus by proving the identity and creditworthiness of the share applicants and cash creditors and genuineness of the alleged transaction of receiving share application and unsecured loans and, therefore, the addition made u/s 68 is uncalled for and is hereby deleted.
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