https://www.taxtmi.com/caselaws?id=325450 The Tribunal dismissed the revenue's appeal, finding the initiation of re-assessment proceedings invalid due to vague reasons recorded by the AO. Additionally, the Tribunal upheld the CIT(A)'s decision, stating the assessee provided enough evidence to prove the genuineness of share application money, and the AO failed to substantiate the addition made under Section 68. The appeal of the revenue was dismissed, and the CIT(A)'s order was upheld. en-us Wed, 03 Feb 2016 00:00:00 +0530 Sat, 19 Mar 2016 08:55:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325450 The Tribunal dismissed the revenue's appeal, finding the initiation of re-assessment proceedings invalid due to vague reasons recorded by the AO. Additionally, the Tribunal upheld the CIT(A)'s decision, stating the assessee provided enough evidence to prove the genuineness of share application money, and the AO failed to substantiate the addition made under Section 68. The appeal of the revenue was dismissed, and the CIT(A)'s order was upheld. Case-Laws Income Tax Wed, 03 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325450