https://www.taxtmi.com/caselaws?id=186298 The appeal by the revenue against the deletion of an addition made under section 68 regarding share application money was allowed by the Tribunal. The Tribunal found that the assessee failed to establish the identity of the shareholders and the justification for the premium charged per share. The matter was remanded back to the Assessing Officer to provide the assessee with an opportunity to prove the identity of the shareholders. The appeal was allowed for statistical purposes. en-us Fri, 29 Jan 2010 00:00:00 +0530 Tue, 13 Sep 2016 18:21:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186298 The appeal by the revenue against the deletion of an addition made under section 68 regarding share application money was allowed by the Tribunal. The Tribunal found that the assessee failed to establish the identity of the shareholders and the justification for the premium charged per share. The matter was remanded back to the Assessing Officer to provide the assessee with an opportunity to prove the identity of the shareholders. The appeal was allowed for statistical purposes. Case-Laws Income Tax Fri, 29 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186298