https://www.taxtmi.com/caselaws?id=189838 The Tribunal set aside the Ld CIT(A)'s order deleting Rs. 56 lakhs under section 68 of the IT Act and remanded the matter for fresh consideration. The Ld CIT(A) was directed to assess the reasonableness of receiving high premium shares and the genuineness of the transaction, allowing both parties a fair hearing. The revenue's appeal was allowed for statistical purposes. en-us Fri, 08 Jan 2010 00:00:00 +0530 Mon, 18 Sep 2023 20:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189838 The Tribunal set aside the Ld CIT(A)'s order deleting Rs. 56 lakhs under section 68 of the IT Act and remanded the matter for fresh consideration. The Ld CIT(A) was directed to assess the reasonableness of receiving high premium shares and the genuineness of the transaction, allowing both parties a fair hearing. The revenue's appeal was allowed for statistical purposes. Case-Laws Income Tax Fri, 08 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189838