https://www.taxtmi.com/caselaws?id=329256 The Tribunal upheld the addition of share capital under Section 68 of the Income Tax Act, 1961, to the extent of &8377; 8,77,500/-, deeming the remaining amount unexplained income. Despite the assessee's attempts to justify the share capital, the Tribunal found insufficient evidence to support the full amount, leading to the confirmation of the addition. The appeal was dismissed, and each party was directed to bear their own costs. en-us Fri, 17 Jun 2016 00:00:00 +0530 Wed, 10 Aug 2016 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329256 The Tribunal upheld the addition of share capital under Section 68 of the Income Tax Act, 1961, to the extent of &8377; 8,77,500/-, deeming the remaining amount unexplained income. Despite the assessee's attempts to justify the share capital, the Tribunal found insufficient evidence to support the full amount, leading to the confirmation of the addition. The appeal was dismissed, and each party was directed to bear their own costs. Case-Laws Income Tax Fri, 17 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329256