https://www.taxtmi.com/caselaws?id=270511 The ITAT allowed the appeal, directing the deletion of additions made on account of unexplained share application money and flat advances received from customers. The ITAT emphasized the importance of discharging the initial burden under Section 68 and the necessity for the A.O. to conduct thorough inquiries to substantiate claims of unexplained income. en-us Fri, 06 Nov 2015 00:00:00 +0530 Fri, 08 Jan 2016 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270511 The ITAT allowed the appeal, directing the deletion of additions made on account of unexplained share application money and flat advances received from customers. The ITAT emphasized the importance of discharging the initial burden under Section 68 and the necessity for the A.O. to conduct thorough inquiries to substantiate claims of unexplained income. Case-Laws Income Tax Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270511