https://www.taxtmi.com/caselaws?id=200308 The Court dismissed the department's appeal challenging the addition of unexplained share application money and commission payment. The Court emphasized the importance of establishing the source of funds and genuineness of transactions, citing relevant legal precedents. It highlighted the burden on the assessee to explain the source of investment and the necessity for appellate authorities to consider all evidence. Ultimately, the Court found that the appellant had provided satisfactory evidence supporting the source of funds and genuineness of transactions, leading to a decision in favor of the assessee and the dismissal of the appeal. en-us Tue, 14 Nov 2017 00:00:00 +0530 Mon, 26 Mar 2018 09:48:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200308 The Court dismissed the department's appeal challenging the addition of unexplained share application money and commission payment. The Court emphasized the importance of establishing the source of funds and genuineness of transactions, citing relevant legal precedents. It highlighted the burden on the assessee to explain the source of investment and the necessity for appellate authorities to consider all evidence. Ultimately, the Court found that the appellant had provided satisfactory evidence supporting the source of funds and genuineness of transactions, leading to a decision in favor of the assessee and the dismissal of the appeal. Case-Laws Income Tax Tue, 14 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200308