https://www.taxtmi.com/caselaws?id=267252 The ITAT dismissed all appeals filed by the Revenue regarding the addition of share application money under section 68 of the Income Tax Act. The ITAT found that the assessee had proven the identity and creditworthiness of the shareholders through necessary documents, while the Revenue failed to counter this evidence. The ITAT upheld the CIT(A) orders for all companies involved, granting relief based on reasoned findings. The decisions were pronounced in open court on September 28, 2015, with a corrigendum issued to rectify a typographical error in the order related to the name of an individual. en-us Mon, 28 Sep 2015 00:00:00 +0530 Tue, 03 Nov 2015 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267252 The ITAT dismissed all appeals filed by the Revenue regarding the addition of share application money under section 68 of the Income Tax Act. The ITAT found that the assessee had proven the identity and creditworthiness of the shareholders through necessary documents, while the Revenue failed to counter this evidence. The ITAT upheld the CIT(A) orders for all companies involved, granting relief based on reasoned findings. The decisions were pronounced in open court on September 28, 2015, with a corrigendum issued to rectify a typographical error in the order related to the name of an individual. Case-Laws Income Tax Mon, 28 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267252