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2020 (12) TMI 588 - AT - Income TaxAddition u/s 68 - share application money was received from the company which is having no net worth - source of share capital was neither genuine nor the company is having net worth - HELD THAT:- there is no case for making addition for the A.Y. 2012-13 since, the amount was found credited in the books of accounts of F.Y. 2008-09, relevant to the A.Y. 2009-10. Accordingly, we set aside the order of the Ld. CIT(A), delete the addition made by the AO and allow the appeal of the assessee.
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