https://www.taxtmi.com/caselaws?id=372642 The tribunal concluded that the assessee successfully proved the legitimacy of the share application money with adequate documentary evidence. Despite the Revenue's reliance on information from the DIT (INV) and statements, the tribunal found the assessee had met its burden under Section 68. The tribunal upheld the CIT(A)'s decision to delete the addition of unaccounted money, dismissing the Revenue's appeal. The case was finalized on 12.12.2018, with the tribunal ruling in favor of the assessee. en-us Wed, 12 Dec 2018 00:00:00 +0530 Thu, 27 Dec 2018 06:28:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372642 The tribunal concluded that the assessee successfully proved the legitimacy of the share application money with adequate documentary evidence. Despite the Revenue's reliance on information from the DIT (INV) and statements, the tribunal found the assessee had met its burden under Section 68. The tribunal upheld the CIT(A)'s decision to delete the addition of unaccounted money, dismissing the Revenue's appeal. The case was finalized on 12.12.2018, with the tribunal ruling in favor of the assessee. Case-Laws Income Tax Wed, 12 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372642