https://www.taxtmi.com/caselaws?id=273849 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) regarding the tax treatment of share application money received by the assessee company. It was found that the Assessing Officer failed to conduct necessary inquiries and reach findings as required by law. The Tribunal dismissed the Revenue's appeal as there was no unexplained money under Sections 68/69 of the Income Tax Act, emphasizing the need for proper investigations in tax assessments. en-us Fri, 17 Apr 2015 00:00:00 +0530 Wed, 18 Jul 2018 06:08:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273849 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) regarding the tax treatment of share application money received by the assessee company. It was found that the Assessing Officer failed to conduct necessary inquiries and reach findings as required by law. The Tribunal dismissed the Revenue's appeal as there was no unexplained money under Sections 68/69 of the Income Tax Act, emphasizing the need for proper investigations in tax assessments. Case-Laws Income Tax Fri, 17 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273849