https://www.taxtmi.com/caselaws?id=9637 HC allowed the taxpayer's appeal and deleted additions made by the AO in respect of alleged unexplained increase in share capital. The court found shares were issued to corporate and individual subscribers through banking channels and the existence of the individual shareholder was established. The AO made no effort to ascertain any undisclosed real investor, so additions based on purported investments by a company (Rs. 2 lakhs) and an individual (Rs. 1 lakh) could not be sustained; the impugned additions were therefore deleted. en-us Tue, 02 Aug 2005 00:00:00 +0530 Sat, 20 Sep 2025 13:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9637 HC allowed the taxpayer's appeal and deleted additions made by the AO in respect of alleged unexplained increase in share capital. The court found shares were issued to corporate and individual subscribers through banking channels and the existence of the individual shareholder was established. The AO made no effort to ascertain any undisclosed real investor, so additions based on purported investments by a company (Rs. 2 lakhs) and an individual (Rs. 1 lakh) could not be sustained; the impugned additions were therefore deleted. Case-Laws Income Tax Tue, 02 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9637