https://www.taxtmi.com/caselaws?id=369205 The Tribunal allowed the appeal of the assessee regarding the treatment of share application money as unexplained cash credit under section 68 of the Income Tax Act, 1961. The Tribunal found that the appellant had provided sufficient evidence to prove the genuineness of the transactions, which the AO and CIT(A) failed to counter effectively. As a result, the addition made by the AO and upheld by the CIT(A) was deleted, leading to a favorable outcome for the appellant. en-us Fri, 12 Oct 2018 00:00:00 +0530 Tue, 23 Oct 2018 06:51:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369205 The Tribunal allowed the appeal of the assessee regarding the treatment of share application money as unexplained cash credit under section 68 of the Income Tax Act, 1961. The Tribunal found that the appellant had provided sufficient evidence to prove the genuineness of the transactions, which the AO and CIT(A) failed to counter effectively. As a result, the addition made by the AO and upheld by the CIT(A) was deleted, leading to a favorable outcome for the appellant. Case-Laws Income Tax Fri, 12 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369205