https://www.taxtmi.com/caselaws?id=200307 The Tribunal upheld the CIT(A)'s decision to delete the addition of share capital under Section 68, as the assessee proved the identity, genuineness, and creditworthiness of shareholders. Regarding unaccounted purchase transactions, the Tribunal agreed with the CIT(A)'s recalculated figures. The Tribunal also supported the CIT(A)'s treatment of stock shortage as only the profit element. Additionally, the disallowance of job charges for non-deduction of TDS was overturned by the CIT(A) and upheld by the Tribunal due to compliance with TDS threshold limits. Both the revenue's and the assessee's appeals were dismissed, affirming the CIT(A)'s decisions on all issues. en-us Wed, 03 Feb 2016 00:00:00 +0530 Mon, 26 Mar 2018 09:48:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200307 The Tribunal upheld the CIT(A)'s decision to delete the addition of share capital under Section 68, as the assessee proved the identity, genuineness, and creditworthiness of shareholders. Regarding unaccounted purchase transactions, the Tribunal agreed with the CIT(A)'s recalculated figures. The Tribunal also supported the CIT(A)'s treatment of stock shortage as only the profit element. Additionally, the disallowance of job charges for non-deduction of TDS was overturned by the CIT(A) and upheld by the Tribunal due to compliance with TDS threshold limits. Both the revenue's and the assessee's appeals were dismissed, affirming the CIT(A)'s decisions on all issues. Case-Laws Income Tax Wed, 03 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200307