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2010 (10) TMI 64 - HC - Income TaxUnexplained cash credit - appellant company has provided details of the IT Return filed, PAN, copy of balance sheet and details filed with Registrar of Companies to substantiate that the amount of share application money received from the said companies was genuine - Held that: - share application money cannot be regarded as undisclosed income of assessee under Section 68 of Act, 1961 - appeal is dismissed
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