https://www.taxtmi.com/caselaws?id=55082 The assessees' appeal challenging the additions on account of investments in share capital and deposits made during block assessments under sections 158BC and 158BD was dismissed. The Tribunal upheld the Assessing Officer's additions, finding the entries non-genuine and the assessees unable to prove the genuineness of the shareholders and depositors. The Third Member concurred, justifying the additions based on material found during the search. The Gujarat High Court affirmed the Tribunal's decision, sustaining the additions in multiple cases and dismissing all appeals by the assessees. en-us Wed, 28 Aug 2002 00:00:00 +0530 Fri, 10 Mar 2017 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55082 The assessees' appeal challenging the additions on account of investments in share capital and deposits made during block assessments under sections 158BC and 158BD was dismissed. The Tribunal upheld the Assessing Officer's additions, finding the entries non-genuine and the assessees unable to prove the genuineness of the shareholders and depositors. The Third Member concurred, justifying the additions based on material found during the search. The Gujarat High Court affirmed the Tribunal's decision, sustaining the additions in multiple cases and dismissing all appeals by the assessees. Case-Laws Income Tax Wed, 28 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55082