https://www.taxtmi.com/caselaws?id=271785 The Tribunal ruled in favor of the appellant, holding that the addition of share application money was unsustainable as no incriminating material was found during the search operations regarding the identity, genuineness, and creditworthiness of the assessee company. The Tribunal emphasized that additions could only be made based on such material, following the precedent set in previous judgments and ordered the deletion of the addition. en-us Wed, 23 Dec 2015 00:00:00 +0530 Wed, 17 Feb 2016 06:57:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271785 The Tribunal ruled in favor of the appellant, holding that the addition of share application money was unsustainable as no incriminating material was found during the search operations regarding the identity, genuineness, and creditworthiness of the assessee company. The Tribunal emphasized that additions could only be made based on such material, following the precedent set in previous judgments and ordered the deletion of the addition. Case-Laws Income Tax Wed, 23 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271785