TMI Blog2008 (1) TMI 575X X X X Extracts X X X X X X X X Extracts X X X X ..... money - income from undisclosed sources u/s 68 - Held that: that if the share application money is received by the assessee-Company from alleged bogus shareholders, whose names are given to the AO, t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (s) : None ORDER Delay condoned. Can the amount of share money be regarded as undisclosed income under Section 68 of Income Tax Act, 1961? We find no merit in this Special Leave Petitio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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