https://www.taxtmi.com/caselaws?id=371759 The tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1,98,00,000 towards share premium under Section 68 of the Income Tax Act, 1961. The tribunal found that the assessee provided extensive documentary evidence to substantiate the share premium received, proving the genuineness of the transactions. The tribunal dismissed the revenue's appeal, concluding that the AO's predetermined stance on the share premium genuineness was unfounded, and the judicial precedents and legal provisions supported the CIT(A)'s decision. en-us Fri, 07 Dec 2018 00:00:00 +0530 Mon, 10 Dec 2018 09:42:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371759 The tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1,98,00,000 towards share premium under Section 68 of the Income Tax Act, 1961. The tribunal found that the assessee provided extensive documentary evidence to substantiate the share premium received, proving the genuineness of the transactions. The tribunal dismissed the revenue's appeal, concluding that the AO's predetermined stance on the share premium genuineness was unfounded, and the judicial precedents and legal provisions supported the CIT(A)'s decision. Case-Laws Income Tax Fri, 07 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371759