https://www.taxtmi.com/caselaws?id=189858 The court dismissed the Revenue's appeal and upheld the CIT(A)'s decision regarding the deletion of additions made by the Assessing Officer. The court found that the assessee had proven the genuineness and creditworthiness of the share application money received and that there was no commercial expediency issue regarding the disallowance of interest. The court referenced relevant case law and concluded that the additions made by the Assessing Officer were unwarranted. en-us Wed, 15 Sep 2010 00:00:00 +0530 Mon, 23 Jan 2017 17:46:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189858 The court dismissed the Revenue's appeal and upheld the CIT(A)'s decision regarding the deletion of additions made by the Assessing Officer. The court found that the assessee had proven the genuineness and creditworthiness of the share application money received and that there was no commercial expediency issue regarding the disallowance of interest. The court referenced relevant case law and concluded that the additions made by the Assessing Officer were unwarranted. Case-Laws Income Tax Wed, 15 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189858