https://www.taxtmi.com/caselaws?id=216057 The tribunal directed the deletion of Rs.12,80,000 added towards share capital by the Managing Director, ruling in favor of the appellant private limited company. The tribunal emphasized that doubts regarding the source of investment should have been addressed against the Managing Director personally rather than attributing it as unexplained cash credit to the company. Legal precedents were considered, leading to the deletion of the amount and allowing the appeal. en-us Fri, 08 Jun 2012 00:00:00 +0530 Sat, 25 Aug 2012 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216057 The tribunal directed the deletion of Rs.12,80,000 added towards share capital by the Managing Director, ruling in favor of the appellant private limited company. The tribunal emphasized that doubts regarding the source of investment should have been addressed against the Managing Director personally rather than attributing it as unexplained cash credit to the company. Legal precedents were considered, leading to the deletion of the amount and allowing the appeal. Case-Laws Income Tax Fri, 08 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216057