https://www.taxtmi.com/caselaws?id=179232 The Income Tax Appellate Tribunal (ITAT) found discrepancies between the assessee's information and statements from entry operators regarding the addition of Rs. 4,80,00,000 as bogus share application money. Despite the CIT(A) deleting the addition based on evidence of identity and genuineness provided by the assessee, the ITAT disagreed. The ITAT directed a thorough verification by the Assessing Officer (AO) to determine the authenticity of the share application money, allowing the Revenue's appeal for statistical purposes and dismissing the assessee's cross-objection. en-us Fri, 26 Mar 2010 00:00:00 +0530 Tue, 23 Feb 2016 16:04:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179232 The Income Tax Appellate Tribunal (ITAT) found discrepancies between the assessee's information and statements from entry operators regarding the addition of Rs. 4,80,00,000 as bogus share application money. Despite the CIT(A) deleting the addition based on evidence of identity and genuineness provided by the assessee, the ITAT disagreed. The ITAT directed a thorough verification by the Assessing Officer (AO) to determine the authenticity of the share application money, allowing the Revenue's appeal for statistical purposes and dismissing the assessee's cross-objection. Case-Laws Income Tax Fri, 26 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179232