https://www.taxtmi.com/caselaws?id=344926 The Tribunal upheld the CIT(A)'s decision to delete additions under Section 68, as the assessee proved the genuineness of share capital investments. It deemed the invocation of Section 153C invalid due to the absence of recorded satisfaction by the AO of the searched person. Consequently, the Revenue's appeals were dismissed, and the Cross Objection by the assessee was allowed, aligning with prior rulings on similar cases involving the same group of companies. en-us Fri, 26 May 2017 00:00:00 +0530 Sat, 01 Jul 2017 18:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344926 The Tribunal upheld the CIT(A)'s decision to delete additions under Section 68, as the assessee proved the genuineness of share capital investments. It deemed the invocation of Section 153C invalid due to the absence of recorded satisfaction by the AO of the searched person. Consequently, the Revenue's appeals were dismissed, and the Cross Objection by the assessee was allowed, aligning with prior rulings on similar cases involving the same group of companies. Case-Laws Income Tax Fri, 26 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344926