https://www.taxtmi.com/caselaws?id=187371 The ITAT Delhi upheld the CIT (Appeals) decision to delete the addition of share application money and commission. The CIT (Appeals) found the share application money to be genuine at Rs. 5 lacs, supported by evidence, and referenced legal precedents. The commission addition was also deleted as the principal amount was removed. The ITAT emphasized the importance of providing evidence, rejected the Assessing Officer's stance, and confirmed the deletion of the additions. The revenue's appeal was dismissed, affirming the CIT (Appeals) order. en-us Fri, 28 Aug 2009 00:00:00 +0530 Wed, 19 Oct 2016 18:07:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187371 The ITAT Delhi upheld the CIT (Appeals) decision to delete the addition of share application money and commission. The CIT (Appeals) found the share application money to be genuine at Rs. 5 lacs, supported by evidence, and referenced legal precedents. The commission addition was also deleted as the principal amount was removed. The ITAT emphasized the importance of providing evidence, rejected the Assessing Officer's stance, and confirmed the deletion of the additions. The revenue's appeal was dismissed, affirming the CIT (Appeals) order. Case-Laws Income Tax Fri, 28 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187371