https://www.taxtmi.com/caselaws?id=354686 The Tribunal allowed the appeal, deleting the addition of Rs. 2.37 crore as unexplained share application money and related commission paid. The Tribunal emphasized the importance of concrete evidence over suspicion, upholding principles from higher judicial authorities. It reaffirmed that the burden of proving transaction genuineness lies with the Department, stating mere suspicion cannot substitute proof. en-us Wed, 31 Jan 2018 00:00:00 +0530 Fri, 02 Feb 2018 09:18:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354686 The Tribunal allowed the appeal, deleting the addition of Rs. 2.37 crore as unexplained share application money and related commission paid. The Tribunal emphasized the importance of concrete evidence over suspicion, upholding principles from higher judicial authorities. It reaffirmed that the burden of proving transaction genuineness lies with the Department, stating mere suspicion cannot substitute proof. Case-Laws Income Tax Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354686