bogus share capital

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The issue is restored to the file of the AO as the assessee was not provided adverse material used by the AO while framing assessment.
Addition u/s 68 cannot be made where the assessee explains the source of the capital ‎contribution, established the identity of the creditor and also credit worthiness of the ‎parties.
1 अप्रैल 2013 से पहले लिए गए लोन के लिए लोन के सोर्स के सोर्स को बताने की कोई आवश्यकता नहीं है केवल कंफर्मेशन लेटर एफिडेविट एवं पूरे पत्ते को देना जरूरी है