https://www.taxtmi.com/caselaws?id=347490 The Tribunal ruled in favor of the assessee regarding the addition of share application money, finding that the appellant had sufficiently proven the legitimacy of the transactions, leading to the deletion of the addition under section 68 of the Income Tax Act. However, due to the non-cooperation of the assessee during assessment proceedings, the Tribunal set aside the issue for the AO to re-examine after conducting an independent inquiry. The Tribunal stressed the importance of cooperation and timely submission of required documents to prevent disputes under the Income Tax Act. en-us Fri, 01 Sep 2017 00:00:00 +0530 Tue, 05 Sep 2017 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347490 The Tribunal ruled in favor of the assessee regarding the addition of share application money, finding that the appellant had sufficiently proven the legitimacy of the transactions, leading to the deletion of the addition under section 68 of the Income Tax Act. However, due to the non-cooperation of the assessee during assessment proceedings, the Tribunal set aside the issue for the AO to re-examine after conducting an independent inquiry. The Tribunal stressed the importance of cooperation and timely submission of required documents to prevent disputes under the Income Tax Act. Case-Laws Income Tax Fri, 01 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347490