No addition u/s 68 merely on information from investigation wing

Diwali Capital & Finance Private Ltd. Vs DCIT (ITAT Mumbai) Addition under section 68 on basis of information received from investigation wing as to assessee having received share application money from alleged entry operator was not justified as assessee had filed sufficient evidences and details to prove identity and creditworthiness of share application and genuineness of transaction of receipt of share application money Held: AO made addition under section 68 on basis of information received from investigation wing as to assessee having received share application money from alleged ent...