https://www.taxtmi.com/caselaws?id=172446 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 82,12,000/- under Section 68 for unexplained share money and loans. The Tribunal found that the assessee had sufficiently demonstrated the source of funds and the genuineness of the transactions, and the Assessing Officer had failed to provide contrary evidence. The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s well-reasoned and legally correct decision. en-us Thu, 30 Jun 2011 00:00:00 +0530 Wed, 04 May 2016 16:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172446 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 82,12,000/- under Section 68 for unexplained share money and loans. The Tribunal found that the assessee had sufficiently demonstrated the source of funds and the genuineness of the transactions, and the Assessing Officer had failed to provide contrary evidence. The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s well-reasoned and legally correct decision. Case-Laws Income Tax Thu, 30 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172446