Tribunal held, that the share applicants have proved their creditworthiness and source of funds hence deletion of addition is held to be justified. (AY. 2013-14)
Dy.CIT v. HSM Steels P. Ltd. (2019) 70 ITR 47 (SN) (Hyd.)(Trib.)
S. 68 : Cash credits-Share premium —Share applicants proved their creditworthiness and source of funds for investing – Addition is held to be not valid.