Case Law Details
NRA Iron & Steel Pvt. Ltd Vs PCIT (Supreme Court)
In this case earlier Hon’ble SC has upheld addition under Section of Share Capital and Share premium Considering the Same as Bogus as Appellant was failed to prove the genuineness of the transaction of receiving share application money and to prove the creditworthiness.
A petition was filed with Supreme Court to review its above Judgment dated 05.03.2019 and Hon’ble dismissed the same as it found no substance in the content of the Review Petition.
Application seeking open court oral hearing will be rejected. Also if there is a delay in filing the Review Petition can be condone if the explanation made in the condonation application are genuine.
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Author Bio
