https://www.taxtmi.com/caselaws?id=219580 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 10 lakhs as unexplained share application money and Rs. 15.40 lakhs as unexplained loans, finding the assessee had met the burden of proof under Section 68. However, the Tribunal remitted the issue of the Rs. 24,000 disallowance of expenses back to the Assessing Officer for further verification and adjudication. The appeal by the Revenue was partly allowed for statistical purposes. en-us Wed, 18 Jul 2012 00:00:00 +0530 Thu, 08 Nov 2012 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219580 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 10 lakhs as unexplained share application money and Rs. 15.40 lakhs as unexplained loans, finding the assessee had met the burden of proof under Section 68. However, the Tribunal remitted the issue of the Rs. 24,000 disallowance of expenses back to the Assessing Officer for further verification and adjudication. The appeal by the Revenue was partly allowed for statistical purposes. Case-Laws Income Tax Wed, 18 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219580