https://www.taxtmi.com/caselaws?id=181524 The High Court ruled against the assessee, affirming that section 68 of the Income Tax Act applies to share application money. The Court emphasized that the genuineness of entries related to share application money is a factual matter to be proven by the assessee. The Court's decision was based on a Full Bench ruling that overruled a previous decision. The High Court justified the addition made under section 68, highlighting the assessing authority's role in determining the authenticity of entries. en-us Wed, 07 Aug 2002 00:00:00 +0530 Tue, 19 Apr 2016 14:30:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181524 The High Court ruled against the assessee, affirming that section 68 of the Income Tax Act applies to share application money. The Court emphasized that the genuineness of entries related to share application money is a factual matter to be proven by the assessee. The Court's decision was based on a Full Bench ruling that overruled a previous decision. The High Court justified the addition made under section 68, highlighting the assessing authority's role in determining the authenticity of entries. Case-Laws Income Tax Wed, 07 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181524