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![‘Share Application Money’ cannot be treated as Undisclosed Income: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "‘Share Application Money’ cannot be treated as Undisclosed Income: Bombay HC [Read Judgment]")
‘Share Application Money’ cannot be treated as Undisclosed Income: Bombay HC [Read Judgment]
While upholding the ITAT order, a division bench of Bombay High Court held that, Share application money cannot be treated as Undisclosed Income. The...