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2021 (6) TMI 816 - ITAT JAIPURUnexplained u/s 68 - fresh funds in the form of share application money and share premium amount in the books of assessee company - HELD THAT:- We find no justifiable basis to interfere with the findings of the lower authority as the assessee has failed to provide necessary explanation to the satisfaction of the AO about the genuineness of the transaction including the related matters of valuation and creditworthiness of the investor company. Therefore, the ground of appeal so taken by the assessee is dismissed and the order of the ld CIT(A) is hereby sustained. Appeal of the assessee is dismissed.
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