https://www.taxtmi.com/caselaws?id=217992 The Tribunal upheld the Assessing Officer's addition of Rs.80,00,000 under Section 68 of the Income Tax Act, as the assessee failed to prove the identity, creditworthiness, and genuineness of share application money received. The Tribunal set aside the CIT(A)'s decision, ruling in favor of the Revenue in the appeal. en-us Fri, 18 May 2012 00:00:00 +0530 Thu, 01 Nov 2012 09:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217992 The Tribunal upheld the Assessing Officer's addition of Rs.80,00,000 under Section 68 of the Income Tax Act, as the assessee failed to prove the identity, creditworthiness, and genuineness of share application money received. The Tribunal set aside the CIT(A)'s decision, ruling in favor of the Revenue in the appeal. Case-Laws Income Tax Fri, 18 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217992