https://www.taxtmi.com/caselaws?id=179340 The Tribunal allowed the appeal in part, deleting the addition of unexplained share application money and certain cash credits. The Tribunal found that the assessee had provided sufficient evidence to establish the identity of shareholders and payments received, shifting the burden to the Department, which failed to provide contrary evidence. However, additions related to creditors Ram Nath and Ladu Lal were confirmed due to insufficient justification for their absence before the AO. en-us Fri, 26 Apr 2002 00:00:00 +0530 Fri, 26 Feb 2016 16:58:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179340 The Tribunal allowed the appeal in part, deleting the addition of unexplained share application money and certain cash credits. The Tribunal found that the assessee had provided sufficient evidence to establish the identity of shareholders and payments received, shifting the burden to the Department, which failed to provide contrary evidence. However, additions related to creditors Ram Nath and Ladu Lal were confirmed due to insufficient justification for their absence before the AO. Case-Laws Income Tax Fri, 26 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179340