Commissioner of Income Tax, vs. M/s Polisetty Somasundaram,
ITTA/140/2013HC Telangana28 Jun 2013
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
