https://www.taxtmi.com/caselaws?id=372944 The Tribunal allowed the appeal in part, deleting the addition under section 68 for share application money, upholding the addition for the creditor's balance, and remanding the addition for the Director's loan for reconsideration. The Tribunal found that the assessee provided sufficient documentary evidence to prove the genuineness of the share application money transactions, while the creditor's denial justified the addition for the balance. The matter concerning the loan from the Director required further evaluation based on documentary evidence and the Director's financial statement. en-us Tue, 01 Jan 2019 00:00:00 +0530 Wed, 20 Mar 2019 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372944 The Tribunal allowed the appeal in part, deleting the addition under section 68 for share application money, upholding the addition for the creditor's balance, and remanding the addition for the Director's loan for reconsideration. The Tribunal found that the assessee provided sufficient documentary evidence to prove the genuineness of the share application money transactions, while the creditor's denial justified the addition for the balance. The matter concerning the loan from the Director required further evaluation based on documentary evidence and the Director's financial statement. Case-Laws Income Tax Tue, 01 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372944