https://www.taxtmi.com/caselaws?id=218318 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 23,20,000 under Section 68 of the Income-tax Act. The Tribunal found that the assessee had sufficiently proven the identity, creditworthiness, and genuineness of the share applicants, shifting the onus to the Revenue. The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s order and upholding the deletion of the addition. en-us Fri, 20 Jan 2012 00:00:00 +0530 Thu, 08 Nov 2012 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218318 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 23,20,000 under Section 68 of the Income-tax Act. The Tribunal found that the assessee had sufficiently proven the identity, creditworthiness, and genuineness of the share applicants, shifting the onus to the Revenue. The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s order and upholding the deletion of the addition. Case-Laws Income Tax Fri, 20 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218318