https://www.taxtmi.com/caselaws?id=173632 The Delhi HC dismissed the appeal as the assessee proved the legitimacy of companies investing in its share capital. The court stated that if the companies received cash deposits, the Income Tax Department should address it. Reference was made to Commissioner of Income Tax Vs. Lovely Exports Pvt. Ltd. (216 CTR 195). en-us Thu, 17 Sep 2009 00:00:00 +0530 Fri, 18 Sep 2015 18:30:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173632 The Delhi HC dismissed the appeal as the assessee proved the legitimacy of companies investing in its share capital. The court stated that if the companies received cash deposits, the Income Tax Department should address it. Reference was made to Commissioner of Income Tax Vs. Lovely Exports Pvt. Ltd. (216 CTR 195). Case-Laws Income Tax Thu, 17 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173632