https://www.taxtmi.com/caselaws?id=368892 Share subscription money supported by PAN details, audited accounts, bank statements, application records and assessment material of the subscribing companies was held to satisfy the onus under section 68; mere non-service of notices or shareholder non-appearance was insufficient, so the addition was deleted. Rental receipts from a warehouse operated as a specialised commercial facility, with supporting infrastructure and services, were treated as business income because the activity was integral to the assessee's business objects and commercial exploitation of infrastructure, not passive ownership of property. en-us Fri, 12 Oct 2018 00:00:00 +0530 Tue, 16 Oct 2018 08:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368892 Share subscription money supported by PAN details, audited accounts, bank statements, application records and assessment material of the subscribing companies was held to satisfy the onus under section 68; mere non-service of notices or shareholder non-appearance was insufficient, so the addition was deleted. Rental receipts from a warehouse operated as a specialised commercial facility, with supporting infrastructure and services, were treated as business income because the activity was integral to the assessee's business objects and commercial exploitation of infrastructure, not passive ownership of property. Case-Laws Income Tax Fri, 12 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368892