https://www.taxtmi.com/caselaws?id=368095 The Tribunal allowed the Revenue's appeal, restoring the AO's addition of Rs. 1.94 crores under Section 68 for unexplained cash credits related to share capital issued at a premium to companies controlled by an accommodation entry provider. The Tribunal also confirmed the addition of Rs. 97,000 for commission paid on accommodation entries, emphasizing the importance of proving the genuineness of transactions, particularly with private limited companies and accommodation entries. en-us Fri, 28 Sep 2018 00:00:00 +0530 Mon, 01 Oct 2018 09:14:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368095 The Tribunal allowed the Revenue's appeal, restoring the AO's addition of Rs. 1.94 crores under Section 68 for unexplained cash credits related to share capital issued at a premium to companies controlled by an accommodation entry provider. The Tribunal also confirmed the addition of Rs. 97,000 for commission paid on accommodation entries, emphasizing the importance of proving the genuineness of transactions, particularly with private limited companies and accommodation entries. Case-Laws Income Tax Fri, 28 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368095