https://www.taxtmi.com/caselaws?id=370788 The Tribunal upheld the CIT(A)'s decision to delete the addition towards share premium. The Assessee substantiated the identity, creditworthiness, and genuineness of the transactions with documentary evidence. The Tribunal emphasized that the AO failed to find any fault in the Assessee's explanations and referred to relevant case law supporting the Assessee's position. Consequently, the Tribunal dismissed the revenue's appeals, affirming the relief granted to the Assessee regarding the share premium addition. en-us Fri, 26 Oct 2018 00:00:00 +0530 Wed, 22 Sep 2021 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370788 The Tribunal upheld the CIT(A)'s decision to delete the addition towards share premium. The Assessee substantiated the identity, creditworthiness, and genuineness of the transactions with documentary evidence. The Tribunal emphasized that the AO failed to find any fault in the Assessee's explanations and referred to relevant case law supporting the Assessee's position. Consequently, the Tribunal dismissed the revenue's appeals, affirming the relief granted to the Assessee regarding the share premium addition. Case-Laws Income Tax Fri, 26 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370788