https://www.taxtmi.com/caselaws?id=181841 The High Court condoned the delay in refiling the appeal and upheld the Tribunal's decision regarding the Assessing Officer's jurisdiction to investigate shareholders' identity. The Court found the evidence presented by the assessee sufficient to establish the genuineness of share application money transactions, leading to the deletion of the addition made by the CIT(A). The Tribunal concluded that the share application money was genuine, considering the creditworthiness of the shareholders and the evidence provided. No substantial questions of law were found, given the conclusive evidence supporting the legitimacy of the transactions. en-us Thu, 07 Apr 2005 00:00:00 +0530 Mon, 23 Jan 2017 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181841 The High Court condoned the delay in refiling the appeal and upheld the Tribunal's decision regarding the Assessing Officer's jurisdiction to investigate shareholders' identity. The Court found the evidence presented by the assessee sufficient to establish the genuineness of share application money transactions, leading to the deletion of the addition made by the CIT(A). The Tribunal concluded that the share application money was genuine, considering the creditworthiness of the shareholders and the evidence provided. No substantial questions of law were found, given the conclusive evidence supporting the legitimacy of the transactions. Case-Laws Income Tax Thu, 07 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181841