https://www.taxtmi.com/caselaws?id=203539 HC held for the assessee: where share-application money details (shareholders' names and addresses, PAN/GIR numbers, cheque numbers and bank names) were furnished, the AO was obliged to investigate and verify by tracing shareholders via PAN, bank accounts or bankers rather than treat the amounts as unexplained cash credits. The AO's failure to make proper enquiries to reach shareholders rendered the addition unjustified, and the assessment was decided in favour of the assessee. en-us Mon, 12 Oct 2009 00:00:00 +0530 Tue, 02 Sep 2025 17:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203539 HC held for the assessee: where share-application money details (shareholders' names and addresses, PAN/GIR numbers, cheque numbers and bank names) were furnished, the AO was obliged to investigate and verify by tracing shareholders via PAN, bank accounts or bankers rather than treat the amounts as unexplained cash credits. The AO's failure to make proper enquiries to reach shareholders rendered the addition unjustified, and the assessment was decided in favour of the assessee. Case-Laws Income Tax Mon, 12 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203539