business activity - receipt of accommodation entries - HELD THAT:- Assessee has submitted all the necessary details in support of the share applicant and share premium receipt. The A.O. has not pointed out any defect in the documents. As a matter of fact, the A.O. has not even issued a notice u/s. 133(6) of the Act to the share applicant, if he had any doubt about the identity, genuineness and creditworthiness of the share applicant.
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In fact, the share applicant is the sister concerned of the assessee, from whom similar share application with premium were received in the earlier year. The identical addition in that year by the A.O. was deleted by the CIT(A) and confirmed by the ITAT. It is not the case that the Hon'ble Jurisdictional High Court has reversed the said ITAT decision. The facts in the present Assessment Year are identical as in the earlier year.
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Assessment of the share applicant has also been completed u/s. 143(3) of the Act and no adverse comment has been mad

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