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2003 (8) TMI 187 - AT - Income TaxExtract: ....... the inference that investment in the share capital is non-genuine and, therefore, there is no occasion for treating the impugned amounts as undisclosed income of the assessee-company. 15. For the aforesaid reasons, the addition of Rs. 1,38,000 made on account of share application money is deleted. 16. In the result, the appeal is allowed as above.
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