https://www.taxtmi.com/caselaws?id=63814 The Tribunal held that the addition of Rs. 21,63,070 as undisclosed income was not sustainable. The appellant successfully proved the legitimacy of the share capital through various documents, including affidavits and bank passbooks. The Tribunal found that the Revenue failed to provide any concrete evidence to support their suspicions, leading to the deletion of the addition. As a result, the appeal was partly allowed in favor of the appellant. en-us Wed, 30 Nov 2005 00:00:00 +0530 Wed, 02 Feb 2011 10:50:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63814 The Tribunal held that the addition of Rs. 21,63,070 as undisclosed income was not sustainable. The appellant successfully proved the legitimacy of the share capital through various documents, including affidavits and bank passbooks. The Tribunal found that the Revenue failed to provide any concrete evidence to support their suspicions, leading to the deletion of the addition. As a result, the appeal was partly allowed in favor of the appellant. Case-Laws Income Tax Wed, 30 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63814