https://www.taxtmi.com/caselaws?id=19134 The court upheld the Tribunal's decision, ruling in favor of the assessee that the share capital amount could not be treated as undisclosed income, even if subscribers were not genuine. The court directed the Tribunal to refer a reframed question based on a Full Bench decision, emphasizing consistency with precedent. The Revenue's challenge through a reference application was rejected, and the petition was disposed of without costs. en-us Wed, 26 Apr 1995 00:00:00 +0530 Wed, 04 Nov 2009 12:18:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19134 The court upheld the Tribunal's decision, ruling in favor of the assessee that the share capital amount could not be treated as undisclosed income, even if subscribers were not genuine. The court directed the Tribunal to refer a reframed question based on a Full Bench decision, emphasizing consistency with precedent. The Revenue's challenge through a reference application was rejected, and the petition was disposed of without costs. Case-Laws Income Tax Wed, 26 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19134