https://www.taxtmi.com/caselaws?id=370827 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 1,00,80,000/- on account of share premium. The Tribunal found that the assessee provided ample evidence justifying the share premium and establishing the identity and creditworthiness of the shareholders. The documentary evidence presented by the assessee convinced the Tribunal, leading to the conclusion that the addition by the Assessing Officer was not sustainable. en-us Thu, 22 Nov 2018 00:00:00 +0530 Sat, 24 Nov 2018 07:26:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370827 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 1,00,80,000/- on account of share premium. The Tribunal found that the assessee provided ample evidence justifying the share premium and establishing the identity and creditworthiness of the shareholders. The documentary evidence presented by the assessee convinced the Tribunal, leading to the conclusion that the addition by the Assessing Officer was not sustainable. Case-Laws Income Tax Thu, 22 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370827