https://www.taxtmi.com/caselaws?id=203248 HC held that additions of Rs. 24,00,000 under Sections 68/69, representing share capital and share premium received from four private companies, were not justified. Applying the SC precedent, the court found the amounts were not unexplained credits taxable in the assessee company's hands and directed reversal of the addition. Decision went against the revenue. en-us Mon, 10 Jan 2011 00:00:00 +0530 Mon, 25 Aug 2025 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203248 HC held that additions of Rs. 24,00,000 under Sections 68/69, representing share capital and share premium received from four private companies, were not justified. Applying the SC precedent, the court found the amounts were not unexplained credits taxable in the assessee company's hands and directed reversal of the addition. Decision went against the revenue. Case-Laws Income Tax Mon, 10 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203248