https://www.taxtmi.com/caselaws?id=358269 The Tribunal dismissed the Revenue's appeal and affirmed the CIT(A)'s decision to delete the addition made by the AO towards share application money under Section 68 of the Income Tax Act. The Tribunal held that the assessee had sufficiently proven the identity, genuineness, and creditworthiness of the share applicants, and concluded that the AO's addition lacked concrete evidence and was based on suspicion. en-us Wed, 28 Feb 2018 00:00:00 +0530 Mon, 09 Apr 2018 08:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358269 The Tribunal dismissed the Revenue's appeal and affirmed the CIT(A)'s decision to delete the addition made by the AO towards share application money under Section 68 of the Income Tax Act. The Tribunal held that the assessee had sufficiently proven the identity, genuineness, and creditworthiness of the share applicants, and concluded that the AO's addition lacked concrete evidence and was based on suspicion. Case-Laws Income Tax Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358269