https://www.taxtmi.com/caselaws?id=278339 The Revenue's appeal was allowed, restoring the Assessing Officer's addition of Rs. 5.27 crores for bogus share capital. The assessee's appeal was partly allowed, with the issue of Rs. 65 lakhs unexplained cash credit sent back for fresh examination, and the addition of Rs. 44.40 lakhs as commission deleted. The judgment underscores the importance of evidence and procedural compliance in tax assessments. en-us Fri, 31 Aug 2018 00:00:00 +0530 Sat, 26 Jan 2019 09:26:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278339 The Revenue's appeal was allowed, restoring the Assessing Officer's addition of Rs. 5.27 crores for bogus share capital. The assessee's appeal was partly allowed, with the issue of Rs. 65 lakhs unexplained cash credit sent back for fresh examination, and the addition of Rs. 44.40 lakhs as commission deleted. The judgment underscores the importance of evidence and procedural compliance in tax assessments. Case-Laws Income Tax Fri, 31 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278339