https://www.taxtmi.com/caselaws?id=63275 Share capital subscribed by corporate and individual shareholders could not be assessed as undisclosed income in block assessment where the subscriptions were already reflected in the subscribers' books before the search, the identities of the shareholders were established by documentary evidence, and no seized material linked the assessee-company to any undisclosed investment. The Tribunal held that Chapter XIV-B could not be invoked on mere doubt about genuineness or capacity when the revenue failed to rebut the documents. The additions were deleted and complete relief was granted to the assessee. en-us Fri, 14 Feb 2003 00:00:00 +0530 Fri, 28 Jan 2011 18:21:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63275 Share capital subscribed by corporate and individual shareholders could not be assessed as undisclosed income in block assessment where the subscriptions were already reflected in the subscribers' books before the search, the identities of the shareholders were established by documentary evidence, and no seized material linked the assessee-company to any undisclosed investment. The Tribunal held that Chapter XIV-B could not be invoked on mere doubt about genuineness or capacity when the revenue failed to rebut the documents. The additions were deleted and complete relief was granted to the assessee. Case-Laws Income Tax Fri, 14 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63275