Addition u/s 68 deleted - sum received towards share premium not treated as undisclosed income -...

Addition u/s 68 deleted - sum received towards share premium not treated as undisclosed income - assessee considered an entry operator, not engaged in actual business, earning commission income. Percentage of commission income estimated at 0.75% by CIT(A) considered high, reduced to 0.5% based on assessee's concession, applied on total share capital and premium of Rs. 40 crore. Assessee's cross-objection partly allowed. .....

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