https://www.taxtmi.com/caselaws?id=274330 The court upheld the Tribunal's judgment in favor of the assessee, dismissing the appellant's challenge regarding the deletion of additions made under section 68. The court emphasized the need for the Department to prove the source of investment and ruled that the burden was on them to identify share applicants. Citing relevant case law, the court concluded that the company cannot be assessed to identify share applicants, ultimately siding with the assessee and dismissing the appeal. en-us Mon, 31 Jul 2017 00:00:00 +0530 Tue, 07 Aug 2018 22:12:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274330 The court upheld the Tribunal's judgment in favor of the assessee, dismissing the appellant's challenge regarding the deletion of additions made under section 68. The court emphasized the need for the Department to prove the source of investment and ruled that the burden was on them to identify share applicants. Citing relevant case law, the court concluded that the company cannot be assessed to identify share applicants, ultimately siding with the assessee and dismissing the appeal. Case-Laws Income Tax Mon, 31 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274330