https://www.taxtmi.com/caselaws?id=242872 The High Court dismissed the revenue's appeal under Section 260-A of the Income Tax Act, 1961 for the assessment year 2004-05. The Court upheld the CIT (A)'s deletion of the addition of unexplained credits under Section 68 for share capital subscribed, following the Supreme Court judgment in Lovely Exports. The Court found no substantial questions of law and affirmed the Tribunal's decision, resulting in the dismissal of the appeal without costs. en-us Wed, 15 Jan 2014 00:00:00 +0530 Wed, 22 Jan 2014 06:33:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242872 The High Court dismissed the revenue's appeal under Section 260-A of the Income Tax Act, 1961 for the assessment year 2004-05. The Court upheld the CIT (A)'s deletion of the addition of unexplained credits under Section 68 for share capital subscribed, following the Supreme Court judgment in Lovely Exports. The Court found no substantial questions of law and affirmed the Tribunal's decision, resulting in the dismissal of the appeal without costs. Case-Laws Income Tax Wed, 15 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242872