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2023 (8) TMI 73 - ITAT DELHIReopening of assessment - Addition of Share Capital made u/s 68 - creditworthiness of the shareholders had remained unexplained because assessee had failed to substantiate its claim that money had come from the coffers of the shareholders - HELD THAT:- We find that CIT(A) after considering the submissions of the assessee, remand report of the AO, assessee’s reply to the remand report and after considering the various decisions cited in his order has upheld the reopening and also on merits has upheld the addition. Before us, no material has been placed by the Assessee to point out any fallacy in the finding of lower authorities. In such a situation, we find no reason to interfere with the order of CIT(A). Thus the grounds of assessee are dismissed.
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