https://www.taxtmi.com/caselaws?id=210641 HC allowed Revenue's appeal, holding the Tribunal erred in deleting the addition under section 68. The HC found the AO had valid investigative material linking the assessee-company to entry operators/accommodation providers and had complied with natural justice by furnishing statements to the assessee. Of the companies identified in the investigation, a majority had remitted share subscription monies to the assessee, indicating involvement in the modus operandi. On these factual distinctions from precedent cited by the Tribunal, the HC reinstated the addition and ruled in favor of Revenue. en-us Wed, 15 Feb 2012 00:00:00 +0530 Tue, 16 Sep 2025 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210641 HC allowed Revenue's appeal, holding the Tribunal erred in deleting the addition under section 68. The HC found the AO had valid investigative material linking the assessee-company to entry operators/accommodation providers and had complied with natural justice by furnishing statements to the assessee. Of the companies identified in the investigation, a majority had remitted share subscription monies to the assessee, indicating involvement in the modus operandi. On these factual distinctions from precedent cited by the Tribunal, the HC reinstated the addition and ruled in favor of Revenue. Case-Laws Income Tax Wed, 15 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210641