https://www.taxtmi.com/caselaws?id=369531 The Tribunal dismissed the Revenue's appeal as the tax effect was below the prescribed threshold. The CIT(A)'s deletion of the addition of Rs. 39,00,000/- under Section 68 was upheld, as the genuineness of share premium transactions was substantiated. However, the confirmation of the addition of Rs. 10,00,000/- due to an unserved notice was set aside for proper verification, as the correct address was provided during proceedings. The AO was directed to reissue the notice to the correct address. The assessee's appeal was allowed for statistical purposes. en-us Mon, 24 Sep 2018 00:00:00 +0530 Tue, 30 Oct 2018 10:04:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369531 The Tribunal dismissed the Revenue's appeal as the tax effect was below the prescribed threshold. The CIT(A)'s deletion of the addition of Rs. 39,00,000/- under Section 68 was upheld, as the genuineness of share premium transactions was substantiated. However, the confirmation of the addition of Rs. 10,00,000/- due to an unserved notice was set aside for proper verification, as the correct address was provided during proceedings. The AO was directed to reissue the notice to the correct address. The assessee's appeal was allowed for statistical purposes. Case-Laws Income Tax Mon, 24 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369531