https://www.taxtmi.com/caselaws?id=343168 The Tribunal upheld the Revenue's appeal, ruling that the CIT(A) erred in deleting the Rs. 35,00,000/- addition made under section 68 of the IT Act. The assessee failed to prove the identity, creditworthiness, and genuineness of transactions related to share capital money. The Tribunal emphasized the insufficiency of documentary evidence and lack of verification. Consequently, the addition was deemed valid, and the Revenue's appeal was allowed. en-us Tue, 02 May 2017 00:00:00 +0530 Sat, 20 May 2017 09:02:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343168 The Tribunal upheld the Revenue's appeal, ruling that the CIT(A) erred in deleting the Rs. 35,00,000/- addition made under section 68 of the IT Act. The assessee failed to prove the identity, creditworthiness, and genuineness of transactions related to share capital money. The Tribunal emphasized the insufficiency of documentary evidence and lack of verification. Consequently, the addition was deemed valid, and the Revenue's appeal was allowed. Case-Laws Income Tax Tue, 02 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343168