https://www.taxtmi.com/caselaws?id=187440 The Allahabad HC dismissed an appeal on classifying share application money as a "loan" or "deposit" under the Income Tax Act, 1961. The court upheld the decisions of the C.I.T.(Appeals) and the Tribunal, deeming the appeal devoid of merit. The dismissal was on January 16, 2008. en-us Wed, 16 Jan 2008 00:00:00 +0530 Thu, 29 Dec 2016 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187440 The Allahabad HC dismissed an appeal on classifying share application money as a "loan" or "deposit" under the Income Tax Act, 1961. The court upheld the decisions of the C.I.T.(Appeals) and the Tribunal, deeming the appeal devoid of merit. The dismissal was on January 16, 2008. Case-Laws Income Tax Wed, 16 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187440