https://www.taxtmi.com/caselaws?id=186099 The appeal involved the addition of share application money as unexplained cash credit under section 68 and the disallowance of salary paid to Directors' relatives. The Tribunal allowed the appeal in part, deleting the addition of share application money as income under section 68, as the share applicants admitted payments. However, the disallowance of salary to Directors' relatives was upheld due to lack of evidence of services rendered. en-us Fri, 06 Aug 2010 00:00:00 +0530 Wed, 07 Sep 2016 14:25:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186099 The appeal involved the addition of share application money as unexplained cash credit under section 68 and the disallowance of salary paid to Directors' relatives. The Tribunal allowed the appeal in part, deleting the addition of share application money as income under section 68, as the share applicants admitted payments. However, the disallowance of salary to Directors' relatives was upheld due to lack of evidence of services rendered. Case-Laws Income Tax Fri, 06 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186099