https://www.taxtmi.com/caselaws?id=333199 The Tribunal allowed the Revenue's appeal, setting aside the Commissioner of Income Tax (Appeals) order and restoring the Assessing Officer's addition of Rs. 3.5 crores as unexplained money under Section 68. The Tribunal found that despite providing initial documents, the Assessee failed to prove the genuineness and creditworthiness of the transactions involving share capital and premium received from five companies, which were deemed as paper companies. en-us Thu, 18 Aug 2016 00:00:00 +0530 Thu, 06 Oct 2016 12:28:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333199 The Tribunal allowed the Revenue's appeal, setting aside the Commissioner of Income Tax (Appeals) order and restoring the Assessing Officer's addition of Rs. 3.5 crores as unexplained money under Section 68. The Tribunal found that despite providing initial documents, the Assessee failed to prove the genuineness and creditworthiness of the transactions involving share capital and premium received from five companies, which were deemed as paper companies. Case-Laws Income Tax Thu, 18 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333199