https://www.taxtmi.com/caselaws?id=181692 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition of share application money to the Assessee's total income. The Tribunal found the Assessee's documentary evidence, including PAN, bank statements, and assessment orders, sufficient to prove the receipt of share application money. It emphasized that the companies' existence was confirmed by the ITOs, and the non-production of directors for examination did not undermine the establishment of their identity. en-us Wed, 02 Mar 2016 00:00:00 +0530 Fri, 22 Apr 2016 09:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181692 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition of share application money to the Assessee's total income. The Tribunal found the Assessee's documentary evidence, including PAN, bank statements, and assessment orders, sufficient to prove the receipt of share application money. It emphasized that the companies' existence was confirmed by the ITOs, and the non-production of directors for examination did not undermine the establishment of their identity. Case-Laws Income Tax Wed, 02 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181692