https://www.taxtmi.com/caselaws?id=210882 The High Court upheld the Tribunal's decision to add the share capital under Section 68 of the Income Tax Act, as the appellant failed to substantiate the genuineness of the transaction or the capacity of the shareholders to invest. The Court found no grounds for appeal and dismissed the case. en-us Thu, 08 Sep 2011 00:00:00 +0530 Fri, 24 Feb 2012 09:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210882 The High Court upheld the Tribunal's decision to add the share capital under Section 68 of the Income Tax Act, as the appellant failed to substantiate the genuineness of the transaction or the capacity of the shareholders to invest. The Court found no grounds for appeal and dismissed the case. Case-Laws Income Tax Thu, 08 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210882