Supreme Court dismissed SLP as withdrawn due to low tax effect against HC’s ruling

INCOME TAX : SLP dismissed as withdrawn due to low tax effect against High Court ruling that where assessee had received share application money and produced documents to establish genuineness of parties such as PAN of all creditors along with confirmation, their bank statements showing payment of share application money, merely because those persons had not appeared before Assessing Officer would not negate case of assessee so as to invoke section 68

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000193548/supreme-court-dismissed-slp-as-withdrawn-due-to-low-tax-effect-against-hc’s-ruling.aspx