https://www.taxtmi.com/caselaws?id=182428 The High Court upheld the decision of the CIT(A) and ITAT to delete additions made by the AO regarding unexplained share capital contribution and unsecured loans. The court found that the assessee had provided sufficient evidence to prove the genuineness of the transactions, and the appellate authorities had considered all relevant factors and judicial decisions. The High Court emphasized that the source of investment or credit being satisfactorily explained is a matter of appreciating evidence and not a substantial question of law, leading to the dismissal of the Revenue's appeal. en-us Wed, 23 Oct 2013 00:00:00 +0530 Thu, 03 Nov 2016 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182428 The High Court upheld the decision of the CIT(A) and ITAT to delete additions made by the AO regarding unexplained share capital contribution and unsecured loans. The court found that the assessee had provided sufficient evidence to prove the genuineness of the transactions, and the appellate authorities had considered all relevant factors and judicial decisions. The High Court emphasized that the source of investment or credit being satisfactorily explained is a matter of appreciating evidence and not a substantial question of law, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Wed, 23 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182428