https://www.taxtmi.com/highlights?id=34000 Where the Revenue urges that the amount of share application money has been received from bogus shareholders then it is for the Income Tax Officer to proceed by reopening the assessment of such shareholders and assessing them to tax in accordance with law. It does not entitle the Revenue to add the same to the assessee's income as unexplained cash credit - HC en-us Mon, 27 Mar 2017 08:22:45 +0530 Mon, 27 Mar 2017 08:22:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=34000 Where the Revenue urges that the amount of share application money has been received from bogus shareholders then it is for the Income Tax Officer to proceed by reopening the assessment of such shareholders and assessing them to tax in accordance with law. It does not entitle the Revenue to add the same to the assessee's income as unexplained cash credit - HC Highlights Income Tax Mon, 27 Mar 2017 08:22:45 +0530 https://www.taxtmi.com/highlights?id=34000