https://www.taxtmi.com/caselaws?id=63343 The Tribunal upheld the CIT(A) order, dismissing the Revenue's appeal and affirming the deletion of the addition of share application money in the assessee's case. The Tribunal found that the assessee had provided substantial evidence establishing the legitimacy of the transaction and the credibility of the share applicant, in line with Supreme Court precedents that such additions cannot be made in the assessee's hands. en-us Wed, 29 Jul 2009 00:00:00 +0530 Fri, 17 Aug 2012 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63343 The Tribunal upheld the CIT(A) order, dismissing the Revenue's appeal and affirming the deletion of the addition of share application money in the assessee's case. The Tribunal found that the assessee had provided substantial evidence establishing the legitimacy of the transaction and the credibility of the share applicant, in line with Supreme Court precedents that such additions cannot be made in the assessee's hands. Case-Laws Income Tax Wed, 29 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63343