2002 (8) TMI 852

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..... on of the following question, said to be the question of law : Whether the learned Tribunal was justified in holding that CIT(A) rightly deleted the addition made under section 68 of the IT Act following the Delhi High Court s decision in CIT v. Stellar Investments Ltd. [1991] 99 CTR (Delhi) 40, stating that provisions of section 68 is not applicable in respect of share application money .....

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..... e assessee. 3. In view of the aforesaid legal position the question referred to us has to be answered in negative i.e., against the assessee and in favour of the Revenue. It may, however, be clarified that the question of genuineness of the entries regarding share application money shall be again a question of fact to be decided by the assessing authority on the basis of evidence available on r .....

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