https://www.taxtmi.com/caselaws?id=374027 The Tribunal upheld the Ld. CIT's order under Section 263, finding the assessment order erroneous and prejudicial to the interest of revenue due to the lack of adequate verification by the AO regarding the genuineness and creditworthiness of share capital and premium received by the assessee. The Tribunal emphasized the need for thorough examination and verification of transactions, ultimately dismissing the appeal filed by the assessee. en-us Mon, 10 Dec 2018 00:00:00 +0530 Thu, 24 Jan 2019 07:27:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374027 The Tribunal upheld the Ld. CIT's order under Section 263, finding the assessment order erroneous and prejudicial to the interest of revenue due to the lack of adequate verification by the AO regarding the genuineness and creditworthiness of share capital and premium received by the assessee. The Tribunal emphasized the need for thorough examination and verification of transactions, ultimately dismissing the appeal filed by the assessee. Case-Laws Income Tax Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374027