https://www.taxtmi.com/caselaws?id=369472 The Tribunal held that the Assessing Officer (AO) was unjustified in questioning the commercial decision of the assessee regarding the share premium collected. The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 60.24 crores made by the AO under Section 68 of the Income Tax Act. The appeal of the revenue was dismissed, and the order was pronounced on 24.10.2018. en-us Wed, 24 Oct 2018 00:00:00 +0530 Tue, 19 May 2026 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369472 The Tribunal held that the Assessing Officer (AO) was unjustified in questioning the commercial decision of the assessee regarding the share premium collected. The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 60.24 crores made by the AO under Section 68 of the Income Tax Act. The appeal of the revenue was dismissed, and the order was pronounced on 24.10.2018. Case-Laws Income Tax Wed, 24 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369472