45 results for “section 68”+ Section 35(2)clear
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2,63,50,000/- and Rs. 1,01,50,000/- respectively totaling Rs. 3,65,00,000/- is treated as unexplained credit under section 68 of the Income tax Act, 1961 and accordingly added to the total income of the assessee. From the above observations, the AO treated the entire share capital money received of Rs.3