https://www.taxtmi.com/caselaws?id=191194 The Tribunal allowed the appeal, finding the Assessing Officer failed to prove the share application money as bogus. The burden of proof under section 68 was deemed met by the appellant, stressing the need for concrete evidence. The decision emphasized thorough verification and substantiation of claims before income additions. en-us Fri, 11 Dec 2015 00:00:00 +0530 Fri, 24 Mar 2017 12:55:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191194 The Tribunal allowed the appeal, finding the Assessing Officer failed to prove the share application money as bogus. The burden of proof under section 68 was deemed met by the appellant, stressing the need for concrete evidence. The decision emphasized thorough verification and substantiation of claims before income additions. Case-Laws Income Tax Fri, 11 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191194