https://www.taxtmi.com/caselaws?id=241704 The Tribunal upheld the deletions made by the Commissioner of Income Tax(A) for both the addition of Rs. 1.65 crores on account of share application money and the addition of Rs. 1,18,50,000/- on account of cash deposits. The Tribunal found that the assessee had provided sufficient evidence to establish the identity and creditworthiness of the share applicants and the source of the cash deposits, with no contrary evidence presented by the AO. en-us Fri, 20 Dec 2013 00:00:00 +0530 Mon, 30 Dec 2013 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241704 The Tribunal upheld the deletions made by the Commissioner of Income Tax(A) for both the addition of Rs. 1.65 crores on account of share application money and the addition of Rs. 1,18,50,000/- on account of cash deposits. The Tribunal found that the assessee had provided sufficient evidence to establish the identity and creditworthiness of the share applicants and the source of the cash deposits, with no contrary evidence presented by the AO. Case-Laws Income Tax Fri, 20 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241704