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2015 (9) TMI 54 - SC ORDER
Share application money - Addition u/s 68 - Held that:- The assessee has not been able to establish the identity, creditworthiness of the share applicants and the genuineness of the transaction - The surrounding circumstances and inquiries made by the Assessing Officer were significant but the said finding have been ignored by the Tribunal - It has failed to take holistic view - See Commissioner of Income Tax Versus N. Tarika Properties Investment Pvt. Ltd. [ 2013 (11) TMI 1496 - DELHI HIGH COURT] - Decided in favour of Revenue.