https://www.taxtmi.com/caselaws?id=266220 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 20,00,000 as allegedly bogus share capital, emphasizing that the AO failed to establish the receipt of share application money and did not challenge the regular business relationship between the assessee and the client. The Tribunal found the amount to be margin money for business purposes from a regular client, not share capital, leading to the dismissal of the department's appeal. en-us Wed, 06 May 2015 00:00:00 +0530 Mon, 19 Oct 2015 07:53:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266220 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 20,00,000 as allegedly bogus share capital, emphasizing that the AO failed to establish the receipt of share application money and did not challenge the regular business relationship between the assessee and the client. The Tribunal found the amount to be margin money for business purposes from a regular client, not share capital, leading to the dismissal of the department's appeal. Case-Laws Income Tax Wed, 06 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266220