https://www.taxtmi.com/caselaws?id=339703 The Tribunal upheld the addition of Rs. 18,00,000 for Cap Vanijya Pvt. Ltd. as a shell company. For Newjet Trexim Pvt. Ltd. and Sadasukh Dealers Pvt. Ltd., the matter was remitted to the AO for further investigation due to insufficient evidence, emphasizing the need to establish the genuineness of transactions involving substantial share capital and premium amounts under Section 68 of the Income-tax Act, 1961. The Tribunal's decision focused on unexplained cash credits, with miscellaneous grounds of appeal receiving limited attention. en-us Thu, 02 Mar 2017 00:00:00 +0530 Mon, 06 Mar 2017 09:07:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339703 The Tribunal upheld the addition of Rs. 18,00,000 for Cap Vanijya Pvt. Ltd. as a shell company. For Newjet Trexim Pvt. Ltd. and Sadasukh Dealers Pvt. Ltd., the matter was remitted to the AO for further investigation due to insufficient evidence, emphasizing the need to establish the genuineness of transactions involving substantial share capital and premium amounts under Section 68 of the Income-tax Act, 1961. The Tribunal's decision focused on unexplained cash credits, with miscellaneous grounds of appeal receiving limited attention. Case-Laws Income Tax Thu, 02 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339703