https://www.taxtmi.com/caselaws?id=351269 The Tribunal upheld the deletion of the addition towards share capital under Section 68 of the Income-tax Act, finding that the assessee had proven the genuineness and creditworthiness of the investor. Regarding the disallowance of proportionate administrative and other expenses attributable to income from house property, the Tribunal set aside the issue to the AO for re-examination, emphasizing a fair assessment based on the merits and evidence presented. The Tribunal dismissed the revenue's appeal and allowed the assessee's appeals for statistical purposes. en-us Fri, 10 Nov 2017 00:00:00 +0530 Wed, 22 Nov 2017 08:25:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351269 The Tribunal upheld the deletion of the addition towards share capital under Section 68 of the Income-tax Act, finding that the assessee had proven the genuineness and creditworthiness of the investor. Regarding the disallowance of proportionate administrative and other expenses attributable to income from house property, the Tribunal set aside the issue to the AO for re-examination, emphasizing a fair assessment based on the merits and evidence presented. The Tribunal dismissed the revenue's appeal and allowed the assessee's appeals for statistical purposes. Case-Laws Income Tax Fri, 10 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351269