https://www.taxtmi.com/caselaws?id=264027 The ITAT upheld the CIT(A)'s decisions in both issues, dismissing the Department's appeal in its entirety. In the first issue, the addition of Rs. 6,90,81,532/- related to the sale of shares of M/s Indian Realty Ltd was deemed unjustified as the transaction was found to be genuine with supporting evidence. The second issue involved the deletion of the addition of Rs. 8,50,000/- under section 68 of the IT Act 1961, which was upheld as the loan from M/s Indian Realtors Pvt. Limited was deemed genuine and properly documented. en-us Fri, 14 Nov 2014 00:00:00 +0530 Wed, 16 Sep 2015 06:46:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264027 The ITAT upheld the CIT(A)'s decisions in both issues, dismissing the Department's appeal in its entirety. In the first issue, the addition of Rs. 6,90,81,532/- related to the sale of shares of M/s Indian Realty Ltd was deemed unjustified as the transaction was found to be genuine with supporting evidence. The second issue involved the deletion of the addition of Rs. 8,50,000/- under section 68 of the IT Act 1961, which was upheld as the loan from M/s Indian Realtors Pvt. Limited was deemed genuine and properly documented. Case-Laws Income Tax Fri, 14 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264027