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COMMISSIONER OF INCOME TAX Versus KURELE PAPER MILLS P. LTD

2015 (9) TMI 115 - DELHI HIGH COURT

Addition under Section 68 on bogus share capital - whether there was any incriminating material whatsoever found during the search to justify initiation of proceedings under Section 153A? - CIT(A) deleted the addition - Held that:- Order of the CIT(A .....

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stified in invoking Section 68 of the Act for the purposes of making additions on account of share capital. - Decided against revenue. - ITA 369/2015 - Dated:- 6-7-2015 - DR.MURALIDHAR & MR. VIBHU BAKHRU, JJ. For The Appellant:- Ms Suruchi Agarwa .....

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e question was whether the learned CIT (Appeals) had erred in law and on the facts in deleting the addition of ₹ 89 lacs made by the Assessing Officer under Section 68 of the Income Tax Act, 1961 ( ACT ) on bogus share capital. But, the issue w .....

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