https://www.taxtmi.com/caselaws?id=3685 The Tribunal upheld the genuineness of the share capital contribution, dismissing the Revenue's attempt to invoke Section 68 to question M/s Mahal Chand Moti Lal Kothari's credibility. The decision emphasized the importance of establishing creditworthiness to determine tax liability under the Income Tax Act, citing the parties' financial evidence and previous court precedents. en-us Fri, 18 Aug 2006 00:00:00 +0530 Thu, 01 Sep 2016 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3685 The Tribunal upheld the genuineness of the share capital contribution, dismissing the Revenue's attempt to invoke Section 68 to question M/s Mahal Chand Moti Lal Kothari's credibility. The decision emphasized the importance of establishing creditworthiness to determine tax liability under the Income Tax Act, citing the parties' financial evidence and previous court precedents. Case-Laws Income Tax Fri, 18 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3685