Addition u/s 68 - share application money - when the identity, creditworthiness and genuineness of the...

Addition u/s 68 - share application money - when the identity, creditworthiness and genuineness of the transaction was placed before the AO with documentary evidence, the onus shifted to AO to disprove the materials placed before him, without doing so, the addition made by the AO based on conjectures and surmises cannot be justified .....

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