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2004 (1) TMI 55 - DELHI HIGH COURT
Tribunal arrived at the conclusion that: We find that the identity of the shareholders who had also confirmed their investment in the share capital in response to summons under section 131 of the Income-tax Act also stood proved. Consequently, the addition of Rs. 30 lakhs is deleted." – This court is of the opinion that when documentary evidence was placed on record to prove the identity of all the shareholders including their PAN/GIR numbers and filing of other documentary evidence in the form of ration card, etc., which had neither been controverted nor disproved by the Assessing Officer, then no interference is called for.