https://www.taxtmi.com/caselaws?id=345747 The Appellate Tribunal ITAT Delhi ruled in favor of the assessee, upholding the deletion of the addition under section 68 for unexplained cash credit in the form of share capital. The Tribunal also supported the quashing of the re-assessment order passed under section 147, finding it invalid due to a lack of new material facts and being a mere change of opinion by the Assessing Officer. The decision was based on legal precedents and thorough analysis, leading to the dismissal of the revenue's appeal. en-us Thu, 09 Mar 2017 00:00:00 +0530 Wed, 26 Jul 2017 08:16:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345747 The Appellate Tribunal ITAT Delhi ruled in favor of the assessee, upholding the deletion of the addition under section 68 for unexplained cash credit in the form of share capital. The Tribunal also supported the quashing of the re-assessment order passed under section 147, finding it invalid due to a lack of new material facts and being a mere change of opinion by the Assessing Officer. The decision was based on legal precedents and thorough analysis, leading to the dismissal of the revenue's appeal. Case-Laws Income Tax Thu, 09 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345747