2003 (3) TMI 62 - CALCUTTA HIGH COURT

Subscription to share capital - loss in share transaction - promoters' quota - public issue - "1. Whether, the findings of the Tribunal leading to the conclusion that the entire share capital of the assessee-company was genuine are based on relevant material or otherwise perverse? - 2. Whether, on the facts and in the circumstances of the case, the Tribunal was justified in deleting the entire addition made on account of income from undisclosed sources? - 3. Whether, the findings of the Tribunal leading to the conclusion that the share loss has been established by the assessee-company to be genuine is based on relevant evidence or otherwise perverse?"