https://www.taxtmi.com/caselaws?id=174642 The Tribunal affirmed the deletion of the addition on account of unaccounted share application money under section 68, citing established identity and investments by shareholders. Regarding the excessive burning loss addition, the Tribunal partially allowed it, considering the impurities in raw material and maintaining consistency in estimations, resulting in a partial disallowance. The Revenue's appeal was partly allowed, with the Tribunal upholding the deletion of the share application money addition and partially allowing the burning loss addition. en-us Fri, 30 Jul 2010 00:00:00 +0530 Tue, 13 Oct 2015 17:24:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174642 The Tribunal affirmed the deletion of the addition on account of unaccounted share application money under section 68, citing established identity and investments by shareholders. Regarding the excessive burning loss addition, the Tribunal partially allowed it, considering the impurities in raw material and maintaining consistency in estimations, resulting in a partial disallowance. The Revenue's appeal was partly allowed, with the Tribunal upholding the deletion of the share application money addition and partially allowing the burning loss addition. Case-Laws Income Tax Fri, 30 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174642