Held that the documents and confirmation letter filed by the share applicant-company would show that the identity and creditworthiness of the transactions were proved addition is deleted and the consequential addition of estimated commission income is also deleted. (AY.2005-06)
Kainya and Associates P. Ltd. v. Dy. CIT (2023)107 ITR 683 (Mum) (Trib)
S. 68 : Cash credits-Share application money-Documents and confirmation letter filed, received through banking channels-Genuineness of transaction proved-Addition is not justified.