https://www.taxtmi.com/caselaws?id=276879 The High Court upheld the Tribunal's decision to delete the addition of Rs. 16,00,000 in the assessee's total income for the assessment year 1995-96. The Court found that the assessee had successfully proven the identity and creditworthiness of the parties investing in the share capital through documentary evidence, including account payee cheques and bank statements. The Tribunal's determination that the share application money received was genuine was supported, and the appeal was dismissed based on the precedent set in Hindusthan Tea Trading Co.Ltd. v. CIT (Cal). en-us Tue, 26 Aug 2014 00:00:00 +0530 Tue, 20 Nov 2018 07:34:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276879 The High Court upheld the Tribunal's decision to delete the addition of Rs. 16,00,000 in the assessee's total income for the assessment year 1995-96. The Court found that the assessee had successfully proven the identity and creditworthiness of the parties investing in the share capital through documentary evidence, including account payee cheques and bank statements. The Tribunal's determination that the share application money received was genuine was supported, and the appeal was dismissed based on the precedent set in Hindusthan Tea Trading Co.Ltd. v. CIT (Cal). Case-Laws Income Tax Tue, 26 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276879