https://www.taxtmi.com/caselaws?id=65449 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal, modifying the addition to Rs. 2,90,000. It upheld the CIT(A)'s deletion of Rs. 1,86,25,000, finding that the identity of the shareholders was adequately established and the AO failed to present adverse evidence. The Tribunal confirmed the addition for Geeta Jain and Hament Kumar but found the addition for Laxman Dass Bhatia unjustified due to an address change without adverse material. The decision was pronounced on May 18, 2007. en-us Fri, 18 May 2007 00:00:00 +0530 Mon, 12 Feb 2024 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65449 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal, modifying the addition to Rs. 2,90,000. It upheld the CIT(A)'s deletion of Rs. 1,86,25,000, finding that the identity of the shareholders was adequately established and the AO failed to present adverse evidence. The Tribunal confirmed the addition for Geeta Jain and Hament Kumar but found the addition for Laxman Dass Bhatia unjustified due to an address change without adverse material. The decision was pronounced on May 18, 2007. Case-Laws Income Tax Fri, 18 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65449