https://www.taxtmi.com/caselaws?id=304957 The Tribunal dismissed the revenue's appeal and upheld the deletion of the addition of Rs. 50,00,000/- as share application money received by the assessee from Shri Sujit Acharya. The decision was based on the established identity of the shareholder and the lack of evidence against the genuineness of the transaction, in line with legal precedents. en-us Fri, 22 Jan 2010 00:00:00 +0530 Tue, 08 Nov 2022 12:44:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304957 The Tribunal dismissed the revenue's appeal and upheld the deletion of the addition of Rs. 50,00,000/- as share application money received by the assessee from Shri Sujit Acharya. The decision was based on the established identity of the shareholder and the lack of evidence against the genuineness of the transaction, in line with legal precedents. Case-Laws Income Tax Fri, 22 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304957