https://www.taxtmi.com/caselaws?id=374163 The Tribunal dismissed the revenue's appeal, affirming the CIT(A)'s decision to delete the addition towards share premium. The Tribunal found that the assessee had provided adequate documentary evidence to substantiate the share premium, and the AO's concerns were not sufficient to warrant an addition under section 68. The provisions of section 56(2)(viib) were also deemed inapplicable for the assessment year in question. The Tribunal's decision was based on a thorough examination of the facts and relevant judicial precedents. en-us Wed, 05 Dec 2018 00:00:00 +0530 Mon, 28 Jan 2019 07:47:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374163 The Tribunal dismissed the revenue's appeal, affirming the CIT(A)'s decision to delete the addition towards share premium. The Tribunal found that the assessee had provided adequate documentary evidence to substantiate the share premium, and the AO's concerns were not sufficient to warrant an addition under section 68. The provisions of section 56(2)(viib) were also deemed inapplicable for the assessment year in question. The Tribunal's decision was based on a thorough examination of the facts and relevant judicial precedents. Case-Laws Income Tax Wed, 05 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374163