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1990 (1) TMI 102 - AT - Income TaxExtract: .......material on record to hold that they have made the contributions in benami names or, else, fake and sham but certainly qua this assessee, which is a public limited company, this capital contribution cannot be held to be income under s. 68 of the Act. We hold accordingly. The impugned order stands upheld for the above reasoning and the appeal fails.
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