Assessee Has Not Benefited From Round-Tripping Of Share Transactions; Mumbai ITAT Deletes Addition U/s 68

On finding that the assessee has issued share application money and subsequently allotted shares which shows that the transactions are genuine and there is no material brought on record by tax...

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S Rifaur Rahman ,Narendra Kumar Choudhry , ,Judicial Member ,Accountant Member ,Balance Sheet ,Mumbai Itat ,Assessee ,Hare Application Money ,Transactions ,Eleted The Addition ,S 68 Of The Income Tax Act ,1961 ,