https://www.taxtmi.com/caselaws?id=409890 The Tribunal allowed the appeal of the assessee, holding that no addition on account of share application and share premium money could be made in the assessment year 2009-10, as the amounts were received in the previous financial year. The Tribunal also deleted the addition under section 69C, as it was not based on any evidence. The Tribunal did not find it necessary to adjudicate on the validity of the reopening, as the primary additions were deleted on merit. en-us Thu, 15 Jul 2021 00:00:00 +0530 Mon, 19 Jul 2021 10:24:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409890 The Tribunal allowed the appeal of the assessee, holding that no addition on account of share application and share premium money could be made in the assessment year 2009-10, as the amounts were received in the previous financial year. The Tribunal also deleted the addition under section 69C, as it was not based on any evidence. The Tribunal did not find it necessary to adjudicate on the validity of the reopening, as the primary additions were deleted on merit. Case-Laws Income Tax Thu, 15 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409890