https://www.taxtmi.com/caselaws?id=278653 The ITAT ruled in favor of the assessee, overturning the addition of share application money as income. The ITAT found that the assessee had provided extensive documentary evidence to prove the legitimacy of the transaction, including fulfilling all necessary conditions regarding the source of funds and compliance with legal requirements. The ITAT emphasized the importance of documentary evidence in establishing the genuineness of financial transactions, ultimately allowing the appeal of the assessee. en-us Wed, 23 Sep 2015 00:00:00 +0530 Sat, 16 Feb 2019 06:27:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278653 The ITAT ruled in favor of the assessee, overturning the addition of share application money as income. The ITAT found that the assessee had provided extensive documentary evidence to prove the legitimacy of the transaction, including fulfilling all necessary conditions regarding the source of funds and compliance with legal requirements. The ITAT emphasized the importance of documentary evidence in establishing the genuineness of financial transactions, ultimately allowing the appeal of the assessee. Case-Laws Income Tax Wed, 23 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278653