https://www.taxtmi.com/caselaws?id=307334 The tribunal partially allowed the appeal by deleting the addition of Rs. 3,70,000 related to certain share applicants but upheld the addition of Rs. 5,00,000 from Money Penny Fincom Pvt. Ltd. The tribunal emphasized the importance of establishing the identity and genuineness of share applicants, following the principles laid down in the Supreme Court's decision in Lovely Exports. The order was pronounced on 23rd March 2012. en-us Fri, 23 Mar 2012 00:00:00 +0530 Thu, 06 Apr 2023 17:04:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307334 The tribunal partially allowed the appeal by deleting the addition of Rs. 3,70,000 related to certain share applicants but upheld the addition of Rs. 5,00,000 from Money Penny Fincom Pvt. Ltd. The tribunal emphasized the importance of establishing the identity and genuineness of share applicants, following the principles laid down in the Supreme Court's decision in Lovely Exports. The order was pronounced on 23rd March 2012. Case-Laws Income Tax Fri, 23 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307334