https://www.taxtmi.com/caselaws?id=247965 The High Court dismissed the appeal challenging the disallowance of an addition of Rs. 57 Lacs as unexplained share capital. The court held that the appellant had adequately indicated the source of the share amount received, in accordance with legal principles established by the Supreme Court. As no substantial question of law arose, the appellate authority and tribunal were found not to have erred in rejecting the department's contention, leading to the dismissal of the appeal. en-us Thu, 03 Apr 2014 00:00:00 +0530 Wed, 28 May 2014 08:50:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247965 The High Court dismissed the appeal challenging the disallowance of an addition of Rs. 57 Lacs as unexplained share capital. The court held that the appellant had adequately indicated the source of the share amount received, in accordance with legal principles established by the Supreme Court. As no substantial question of law arose, the appellate authority and tribunal were found not to have erred in rejecting the department's contention, leading to the dismissal of the appeal. Case-Laws Income Tax Thu, 03 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247965