https://www.taxtmi.com/caselaws?id=2135 The High Court dismissed tax case appeals concerning the treatment of share application money in fictitious names as undisclosed income for the assessment years 1998-99 and 1999-2000. The court referenced a Delhi High Court case stating that even if subscribers to increased share capital were not genuine, the amount could not be considered undisclosed income. As no substantial question of law was found, the court upheld the Tribunal's decision in favor of the assessee, leading to the dismissal of the appeals. en-us Thu, 21 Jun 2007 00:00:00 +0530 Fri, 01 Aug 2008 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2135 The High Court dismissed tax case appeals concerning the treatment of share application money in fictitious names as undisclosed income for the assessment years 1998-99 and 1999-2000. The court referenced a Delhi High Court case stating that even if subscribers to increased share capital were not genuine, the amount could not be considered undisclosed income. As no substantial question of law was found, the court upheld the Tribunal's decision in favor of the assessee, leading to the dismissal of the appeals. Case-Laws Income Tax Thu, 21 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2135