Assessee Cleared of Bogus Share Application Accusations; Documentation Proves Allotment of Shares Legitimate, No Extra Tax Levied.

Bogus accommodation entry - share application was received through banking channel - The assessee furnished the copy of share application forms, copy of Form no. 2 filed with Register of Companies (ROC), showing allotment of shares to the applicants - onus discharged - No addition - AT .....

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