https://www.taxtmi.com/caselaws?id=151590 The Commissioner (Appeals) deleted the addition of Rs. 12,50,000 under section 68 related to share application money, concluding the transactions were genuine. However, the Tribunal found errors in this decision, remitting the matter back to the Assessing Officer for further examination of the credit's nature and verification of its explanation. The assessee was instructed to provide evidence regarding the identity, creditworthiness, and genuineness of the transactions. en-us Thu, 31 Dec 2009 00:00:00 +0530 Wed, 20 Sep 2023 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151590 The Commissioner (Appeals) deleted the addition of Rs. 12,50,000 under section 68 related to share application money, concluding the transactions were genuine. However, the Tribunal found errors in this decision, remitting the matter back to the Assessing Officer for further examination of the credit's nature and verification of its explanation. The assessee was instructed to provide evidence regarding the identity, creditworthiness, and genuineness of the transactions. Case-Laws Income Tax Thu, 31 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151590