https://www.taxtmi.com/caselaws?id=386863 The appeal was dismissed, and the addition of Rs. 79,00,000/- under section 68 of the Income Tax Act, 1961, was confirmed. The ITAT held that the assessee failed to substantiate the genuineness of the share application money received, and the Revenue's findings of shell companies and interconnected transactions were upheld. en-us Wed, 18 Sep 2019 00:00:00 +0530 Thu, 10 Oct 2019 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386863 The appeal was dismissed, and the addition of Rs. 79,00,000/- under section 68 of the Income Tax Act, 1961, was confirmed. The ITAT held that the assessee failed to substantiate the genuineness of the share application money received, and the Revenue's findings of shell companies and interconnected transactions were upheld. Case-Laws Income Tax Wed, 18 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386863