https://www.taxtmi.com/caselaws?id=403579 The appeal was partly allowed by the ITAT. The addition of Rs. 9,50,000/- for unexplained share application money was confirmed, while the addition of Rs. 1.50 crores for unexplained unsecured loans was deleted. The ITAT stressed the significance of granting adequate time and support to the assessee in establishing the authenticity of transactions and the creditworthiness of creditors. en-us Mon, 01 Feb 2021 00:00:00 +0530 Wed, 27 May 2026 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403579 The appeal was partly allowed by the ITAT. The addition of Rs. 9,50,000/- for unexplained share application money was confirmed, while the addition of Rs. 1.50 crores for unexplained unsecured loans was deleted. The ITAT stressed the significance of granting adequate time and support to the assessee in establishing the authenticity of transactions and the creditworthiness of creditors. Case-Laws Income Tax Mon, 01 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403579