https://www.taxtmi.com/caselaws?id=180823 The High Court dismissed the appeal as there was no substantial question of law. The Tribunal's decision was upheld, emphasizing the importance of thorough verification by assessing officers. The Court found no evidence supporting the revenue's claims of illegitimacy in loans received, share capital allotment, and share application money. The judgment stressed the need for proper investigation to establish the authenticity of financial transactions. en-us Wed, 11 Sep 2013 00:00:00 +0530 Thu, 17 Nov 2016 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180823 The High Court dismissed the appeal as there was no substantial question of law. The Tribunal's decision was upheld, emphasizing the importance of thorough verification by assessing officers. The Court found no evidence supporting the revenue's claims of illegitimacy in loans received, share capital allotment, and share application money. The judgment stressed the need for proper investigation to establish the authenticity of financial transactions. Case-Laws Income Tax Wed, 11 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180823