https://www.taxtmi.com/caselaws?id=257032 Share application money could not be treated as unexplained income where contemporaneous confirmations, ledger accounts and bank statements showed that the liability was repaid through Nath Group entities on behalf of the assessee. The fact that the amount continued to appear outstanding in the assessee's books did not override the documentary record, and incomplete cooperation from some recipient companies was insufficient to displace evidence of actual discharge. On these facts, the addition was deleted because the repayment through a third party was established. en-us Fri, 06 Feb 2015 00:00:00 +0530 Wed, 18 Feb 2015 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257032 Share application money could not be treated as unexplained income where contemporaneous confirmations, ledger accounts and bank statements showed that the liability was repaid through Nath Group entities on behalf of the assessee. The fact that the amount continued to appear outstanding in the assessee's books did not override the documentary record, and incomplete cooperation from some recipient companies was insufficient to displace evidence of actual discharge. On these facts, the addition was deleted because the repayment through a third party was established. Case-Laws Income Tax Fri, 06 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257032