Additions u/s. 68 justified if details of Share Applicants furnished by Assessee is not correct

HIGH COURT OF DELHI Commissioner of Income-tax versus Frostair (P.) Ltd. IT Appeal NOS. 183 OF 2002 & 1638 OF 2006† AUGUST 24, 2012 JUDGMENT S. Ravindra Bhat, J.   This common judgment will dispose of Revenue’s two appeals directed against the judgment and order of the Income Tax Appellate Tribunal (ITAT) dated 30.10.2001 in ITA No.1868/DEL/2001 and further order dated 11.05.2006 in ITA-4691/DEL/2002, and cross-objection nos.113/DEL/2006. 2. The question of law framed in these two cases was: “(i)  whether the ITAT erred on facts and in law in deleting the a...