https://www.taxtmi.com/caselaws?id=357932 The Tribunal quashed the reassessment proceedings as barred by limitation and upheld the CIT(A)'s order deleting the addition of Rs. 35,00,000/-, concluding that the assessee had sufficiently discharged its onus under Section 68 by providing comprehensive documentation to establish the identity, creditworthiness, and genuineness of the share applicants. The appeal of the Revenue was dismissed, and the cross-objection of the assessee was allowed. en-us Fri, 09 Mar 2018 00:00:00 +0530 Sat, 31 Mar 2018 18:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357932 The Tribunal quashed the reassessment proceedings as barred by limitation and upheld the CIT(A)'s order deleting the addition of Rs. 35,00,000/-, concluding that the assessee had sufficiently discharged its onus under Section 68 by providing comprehensive documentation to establish the identity, creditworthiness, and genuineness of the share applicants. The appeal of the Revenue was dismissed, and the cross-objection of the assessee was allowed. Case-Laws Income Tax Fri, 09 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357932