https://www.taxtmi.com/caselaws?id=64823 The Tribunal dismissed the appeal, upholding the addition of Rs. 7.10 lakhs as income from undisclosed sources under Section 68 of the IT Act. The Tribunal found that the assessee failed to prove the genuineness of share transactions and the identity of share applicants. Despite the argument on jurisdiction, the Revenue authorities were deemed justified in examining the transactions. The decision was based on substantial evidence, leading to the confirmation of the CIT(A)'s order. en-us Tue, 25 Nov 2003 00:00:00 +0530 Thu, 10 Feb 2011 13:40:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64823 The Tribunal dismissed the appeal, upholding the addition of Rs. 7.10 lakhs as income from undisclosed sources under Section 68 of the IT Act. The Tribunal found that the assessee failed to prove the genuineness of share transactions and the identity of share applicants. Despite the argument on jurisdiction, the Revenue authorities were deemed justified in examining the transactions. The decision was based on substantial evidence, leading to the confirmation of the CIT(A)'s order. Case-Laws Income Tax Tue, 25 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64823