https://www.taxtmi.com/caselaws?id=191175 The Tribunal dismissed the revenue's appeal challenging the deletion of the addition on account of unexplained receipt of sale of shares of ARSS Infrastructures Project Ltd. The Tribunal upheld the CIT(A)'s decision in favor of the assessee, ruling that the revenue failed to prove that the appellant had received a higher sale consideration than reported. The Tribunal found that the addition made by the AO was incorrect under section 68 as the nature and source of the money had been explained, ultimately siding with the assessee in this matter. en-us Thu, 27 Oct 2016 00:00:00 +0530 Wed, 22 Mar 2017 23:17:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191175 The Tribunal dismissed the revenue's appeal challenging the deletion of the addition on account of unexplained receipt of sale of shares of ARSS Infrastructures Project Ltd. The Tribunal upheld the CIT(A)'s decision in favor of the assessee, ruling that the revenue failed to prove that the appellant had received a higher sale consideration than reported. The Tribunal found that the addition made by the AO was incorrect under section 68 as the nature and source of the money had been explained, ultimately siding with the assessee in this matter. Case-Laws Income Tax Thu, 27 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191175