COMMISSIONER OF INCOME TAX ROHTAK vs. M/S CRYSTAL PHOSPHATES LTD
ITA/140/2013HC Punjab & Haryana28 Mar 2023
Bench: MS. JUSTICE RITU BAHRI,MRS. JUSTICE MANISHA BATRA
Section 144Section 80
unexplained share application money and the same
was added to the declared total income.
(3)
Addition of Rs.1,45,57,286/- was made as the assessee
failed to prove the identity, creditworthiness of the parties from
whom the alleged loans were declared.
(4)
No evidence was furnished to prove the genuineness of
advances of Rs.10,66,96,566/- from customers
