https://www.taxtmi.com/caselaws?id=180828 The Tribunal upheld the deletion of the addition under section 68 of the IT Act, as the assessee substantiated the genuineness of the share transaction and fund source. The evidence provided, along with precedents from similar cases, supported the assessee's position, leading to the dismissal of the Revenue's appeal. The Tribunal found no reason to overturn the ld. CIT(A)'s decision, emphasizing the lack of proof that the transactions were fictitious or bogus. Consequently, no addition was upheld against the assessee. en-us Fri, 18 Jan 2013 00:00:00 +0530 Thu, 08 Jun 2017 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180828 The Tribunal upheld the deletion of the addition under section 68 of the IT Act, as the assessee substantiated the genuineness of the share transaction and fund source. The evidence provided, along with precedents from similar cases, supported the assessee's position, leading to the dismissal of the Revenue's appeal. The Tribunal found no reason to overturn the ld. CIT(A)'s decision, emphasizing the lack of proof that the transactions were fictitious or bogus. Consequently, no addition was upheld against the assessee. Case-Laws Income Tax Fri, 18 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180828