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2015 (4) TMI 551 - HC - Income TaxDeemed dividend under Section 2(22)(e) - ITAT deleted addition on the ground that this amount represented share application money - Held that:- The learned Tribunal on due consideration of the reasonings assigned by the Appellate Authority, so also the record found that the assessee has filed copy of the relevant share application money, account of share application money, copy of the Board's resolution for allotment of shares, copy of form no.2 with ROC for allotment of shares and held that the documentary evidence clearly establishes that the money so received was on account of share application money and dismissed the appeal. On due consideration of the reasonings assigned by the learned Income Tax Appellate Tribunal, we are of the view that the finding recorded by the learned Tribunal is based on appreciation of material on record. No substantial question of law arises in this appeal. - Decided against revenue.
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