https://www.taxtmi.com/caselaws?id=273034 The Tribunal allowed the appeal, directing the deletion of the addition made under section 68 of the Income-tax Act for unexplained share capital. The Tribunal found that the documents relied upon did not establish a connection with the appellant or prove any nexus between the alleged accommodation entries and the additions made. Since no incriminating material was found during the search related to the appellant, the Tribunal concluded that the addition of share capital could not be sustained, following the decision in CIT vs. Kabul Chawla. en-us Mon, 23 Apr 2018 00:00:00 +0530 Sat, 29 Sep 2018 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273034 The Tribunal allowed the appeal, directing the deletion of the addition made under section 68 of the Income-tax Act for unexplained share capital. The Tribunal found that the documents relied upon did not establish a connection with the appellant or prove any nexus between the alleged accommodation entries and the additions made. Since no incriminating material was found during the search related to the appellant, the Tribunal concluded that the addition of share capital could not be sustained, following the decision in CIT vs. Kabul Chawla. Case-Laws Income Tax Mon, 23 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273034