https://www.taxtmi.com/caselaws?id=221244 The appeal under Section 260-A of the Income Tax Act challenging the Income Tax Appellate Tribunal's order for the assessment year 2004-05 was dismissed by the Allahabad High Court. The Court upheld the Tribunal's decision to delete the addition of Rs.1,30,50,000 as share application money, citing precedent and finding no merit in the appellant's arguments. The Court referenced previous rulings and settled controversies to support its decision, ultimately affirming the Tribunal's decision and ruling against the appellant. en-us Tue, 19 Feb 2013 00:00:00 +0530 Fri, 01 Mar 2013 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221244 The appeal under Section 260-A of the Income Tax Act challenging the Income Tax Appellate Tribunal's order for the assessment year 2004-05 was dismissed by the Allahabad High Court. The Court upheld the Tribunal's decision to delete the addition of Rs.1,30,50,000 as share application money, citing precedent and finding no merit in the appellant's arguments. The Court referenced previous rulings and settled controversies to support its decision, ultimately affirming the Tribunal's decision and ruling against the appellant. Case-Laws Income Tax Tue, 19 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221244