https://www.taxtmi.com/caselaws?id=277249 The Tribunal allowed the Revenue's appeal regarding the deletion of an addition of Rs. 38.4 lakhs made on account of the introduction of share capital under section 68 of the Income-tax Act, 1961. The Tribunal found that the assessee failed to establish the genuineness and creditworthiness of the transactions, leading to the restoration of the Assessing Officer's order and sustaining the addition of Rs. 38.4 lakhs. en-us Thu, 20 Dec 2012 00:00:00 +0530 Thu, 29 Nov 2018 18:03:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277249 The Tribunal allowed the Revenue's appeal regarding the deletion of an addition of Rs. 38.4 lakhs made on account of the introduction of share capital under section 68 of the Income-tax Act, 1961. The Tribunal found that the assessee failed to establish the genuineness and creditworthiness of the transactions, leading to the restoration of the Assessing Officer's order and sustaining the addition of Rs. 38.4 lakhs. Case-Laws Income Tax Thu, 20 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277249