https://www.taxtmi.com/caselaws?id=216772 The appellant, a registered company, faced challenges in establishing the creditworthiness of shareholders and the genuineness of transactions related to unexplained credit treated as income. Despite submitting documents, the addition was upheld due to failure to meet the requirements of the Income-tax Act. The validity of the notice u/s 143(2) was upheld, as it was deemed properly served based on the provided PAN address. Regarding the treatment of share capital, additional evidence was initially rejected but later accepted by the tribunal to reassess the issue, leading to a partial appeal success for statistical purposes. en-us Mon, 02 Jul 2012 00:00:00 +0530 Thu, 20 Sep 2012 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216772 The appellant, a registered company, faced challenges in establishing the creditworthiness of shareholders and the genuineness of transactions related to unexplained credit treated as income. Despite submitting documents, the addition was upheld due to failure to meet the requirements of the Income-tax Act. The validity of the notice u/s 143(2) was upheld, as it was deemed properly served based on the provided PAN address. Regarding the treatment of share capital, additional evidence was initially rejected but later accepted by the tribunal to reassess the issue, leading to a partial appeal success for statistical purposes. Case-Laws Income Tax Mon, 02 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216772