https://www.taxtmi.com/caselaws?id=195228 The SC found the shareholders to be genuine parties and rejected the contention that they were bogus or fictitious. As that factual finding undermined the basis of the impugned order, the Court held that the order could not be sustained. The matter was decided in favour of the assessee, and the impugned order was set aside. en-us Fri, 30 Jul 2010 00:00:00 +0530 Mon, 23 Oct 2017 16:48:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195228 The SC found the shareholders to be genuine parties and rejected the contention that they were bogus or fictitious. As that factual finding undermined the basis of the impugned order, the Court held that the order could not be sustained. The matter was decided in favour of the assessee, and the impugned order was set aside. Case-Laws Income Tax Fri, 30 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195228