https://www.taxtmi.com/caselaws?id=463435 ITAT upheld the Assessing Officer and CIT(A) decisions, confirming additions under section 68 for unexplained share application money and rejecting separate addition for alleged commission income. Incriminating documents seized during survey showing entries totaling Rs. 5,87,00,200/- were accepted as basis for income additions; Rs. 4,23,90,074/- was held unexplained and added substantively and, on protective basis, distributed equally among four companies operating from the same premises. The Tribunal found no infirmity in lower authorities' orders and dismissed all appeals of the assessee and the revenue. en-us Tue, 31 Jan 2012 00:00:00 +0530 Tue, 02 Sep 2025 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463435 ITAT upheld the Assessing Officer and CIT(A) decisions, confirming additions under section 68 for unexplained share application money and rejecting separate addition for alleged commission income. Incriminating documents seized during survey showing entries totaling Rs. 5,87,00,200/- were accepted as basis for income additions; Rs. 4,23,90,074/- was held unexplained and added substantively and, on protective basis, distributed equally among four companies operating from the same premises. The Tribunal found no infirmity in lower authorities' orders and dismissed all appeals of the assessee and the revenue. Case-Laws Income Tax Tue, 31 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463435