https://www.taxtmi.com/caselaws?id=270026 The Tribunal upheld the CIT(A)'s decision to delete the additions made by the AO, concluding that the assessee had satisfactorily proven the identity, creditworthiness, and genuineness of the share application money received. The appeals of the Revenue were dismissed, reinforcing the necessity of corroborative evidence for additions under Section 68 and the limited value of retracted statements. en-us Fri, 18 Dec 2015 00:00:00 +0530 Mon, 28 Dec 2015 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270026 The Tribunal upheld the CIT(A)'s decision to delete the additions made by the AO, concluding that the assessee had satisfactorily proven the identity, creditworthiness, and genuineness of the share application money received. The appeals of the Revenue were dismissed, reinforcing the necessity of corroborative evidence for additions under Section 68 and the limited value of retracted statements. Case-Laws Income Tax Fri, 18 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270026