Forget password
New User/ Regiser
Register for Demo / Trial
Annual Subscription Offer
With popular demand, we introduce:-
Special offer on GST Package for Professionals
i.e. CA/CWA/CS/Advocate/Others @ 2500/- +GST
2006 (11) TMI 121 - DELHI HIGH COURT - Income Tax
Head Note / Extract:
Share capital – cash credit – assessee co. has furnished all the necessary details such as PAN No. etc of share applicants to prove their genuineness and credit worthiness – AO has neither controverted nor disapproved the material filed by assessee and failed to react to the shifting of the burden to investigate into the creditworthiness of the share applicants - so appeal is dismissed – additions are not justified as part of share capital