https://www.taxtmi.com/caselaws?id=270773 The Appellate Tribunal upheld the decisions of the Commissioner of Income-Tax (Appeals) regarding the deletions of additions made by the Assessing Officer in a case involving the addition of unexplained cash credit as share application money. The Tribunal confirmed that the share application money received from a related entity was genuine, leading to the deletion of the addition. Additionally, necessary confirmations provided for share application money from other individuals established their genuineness, resulting in the deletion of those additions as well. The Tribunal dismissed the Revenue's appeal, affirming the relief granted to the assessee on October 23, 2015. en-us Fri, 23 Oct 2015 00:00:00 +0530 Fri, 15 Jan 2016 11:29:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270773 The Appellate Tribunal upheld the decisions of the Commissioner of Income-Tax (Appeals) regarding the deletions of additions made by the Assessing Officer in a case involving the addition of unexplained cash credit as share application money. The Tribunal confirmed that the share application money received from a related entity was genuine, leading to the deletion of the addition. Additionally, necessary confirmations provided for share application money from other individuals established their genuineness, resulting in the deletion of those additions as well. The Tribunal dismissed the Revenue's appeal, affirming the relief granted to the assessee on October 23, 2015. Case-Laws Income Tax Fri, 23 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270773