https://www.taxtmi.com/caselaws?id=118221 The Tribunal partly allowed the appeal, limiting the addition under Section 2(22)(e) of the Income-tax Act to Rs. 2,71,457, corresponding to the loan availed when the director held a certain percentage of shares. The remaining addition was deleted as evidence from the Registrar of Companies supported the claim of reduced shareholding. The Tribunal emphasized the evidentiary value of documents filed with the RoC, stating that the fabricated receipt alone could not negate their validity. The appeal by the assessee was partly allowed, with the addition sustained only to the extent of Rs. 2,71,457. en-us Wed, 31 May 2006 00:00:00 +0530 Fri, 29 Jun 2012 13:00:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118221 The Tribunal partly allowed the appeal, limiting the addition under Section 2(22)(e) of the Income-tax Act to Rs. 2,71,457, corresponding to the loan availed when the director held a certain percentage of shares. The remaining addition was deleted as evidence from the Registrar of Companies supported the claim of reduced shareholding. The Tribunal emphasized the evidentiary value of documents filed with the RoC, stating that the fabricated receipt alone could not negate their validity. The appeal by the assessee was partly allowed, with the addition sustained only to the extent of Rs. 2,71,457. Case-Laws Income Tax Wed, 31 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118221