Surya Vincom P. Ltd. v. ACIT (2024)114 ITR 49 (SN)(Delhi) (Trib)

S. 153C : Assessment-Income of any other person-Search-Share premium-Identity and credit worthiness is not established-Addition is affirmed-Protective addition-Substantive addition.

Held that the assessee had failed to establish either the identity and creditworthiness of the share applicants or the genuineness of the transactions. Addition is affirmed.As regards  the protective addition made in the hands of the assessee is  deleted as the substantive addition is affirmed in other person. (AY.2009-10, 2013-14)

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