https://www.taxtmi.com/caselaws?id=367053 The Tribunal allowed the Revenue's appeal against the CIT (A) order for the Assessment Year 2012-13, directing a re-verification of a significant portion of investments to determine the genuineness of the entire share capital infusion. The Tribunal emphasized the importance of thorough scrutiny in cases involving substantial capital contributions and remanded the issue back to the AO for a comprehensive assessment of investments ranging from 25% to 50%. The decision underscored the necessity of detailed verifications to prevent premature deletions of additions based on limited scrutiny. en-us Wed, 12 Sep 2018 00:00:00 +0530 Fri, 14 Sep 2018 07:48:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367053 The Tribunal allowed the Revenue's appeal against the CIT (A) order for the Assessment Year 2012-13, directing a re-verification of a significant portion of investments to determine the genuineness of the entire share capital infusion. The Tribunal emphasized the importance of thorough scrutiny in cases involving substantial capital contributions and remanded the issue back to the AO for a comprehensive assessment of investments ranging from 25% to 50%. The decision underscored the necessity of detailed verifications to prevent premature deletions of additions based on limited scrutiny. Case-Laws Income Tax Wed, 12 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367053