Dismissing the appeal of the assessee the Court held that ; the assessee had failed to discharge its initial burden to prove that the money of Rs.48,58,000 was collected through share capital.Books of account , bank accounts etc were not produced .Dummies or stooges of directors of the assessee company . Therefore, the Assessing Officer was wholly justified in rejecting the stand of the assessee and treating the sum of Rs. 48,58,000 as the income from undisclosed sources and accordingly charging it to tax. ( AY. 1996-97)