https://www.taxtmi.com/caselaws?id=419793 Share application money and share premium were added under section 68 because the assessee failed to prove the investor's identity, creditworthiness and the genuineness of the transaction; the materials also indicated accommodation entries and a shell entity. Cash-based labour charges, loading and unloading expenses, missionary repair and maintenance expenses, part disallowance of vehicle, conveyance, festival, telephone, travelling and sales promotion es, and a portion of repair and maintenance expenses were sustained because the payments were inadequately vouched, unsupported by complete records, or not verified by log books and other material. The assessment additions and disallowances were upheld in full. en-us Thu, 24 Feb 2022 00:00:00 +0530 Sat, 19 Mar 2022 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419793 Share application money and share premium were added under section 68 because the assessee failed to prove the investor's identity, creditworthiness and the genuineness of the transaction; the materials also indicated accommodation entries and a shell entity. Cash-based labour charges, loading and unloading expenses, missionary repair and maintenance expenses, part disallowance of vehicle, conveyance, festival, telephone, travelling and sales promotion es, and a portion of repair and maintenance expenses were sustained because the payments were inadequately vouched, unsupported by complete records, or not verified by log books and other material. The assessment additions and disallowances were upheld in full. Case-Laws Income Tax Thu, 24 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419793