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![Share Application Money received from Bogus Shareholders cannot be regarded as Undisclosed Income; maybe reopened as Individual Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-Share-application-money-bogus-shareholders-undisclosed-income-individual-assessment-Taxscan.jpg "Share Application Money received from Bogus Shareholders cannot be regarded as Undisclosed Income; maybe reopened as Individual Assessment: ITAT [Read Order]")
Share Application Money received from Bogus Shareholders cannot be regarded as Undisclosed Income; maybe reopened as Individual Assessment: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench has reiterated the precedence that Revenue cannot make addition under section 68 without making...