https://www.taxtmi.com/caselaws?id=375174 The Tribunal allowed the revenue's appeal against the deletion of the addition of share application money by the CIT (A). The Tribunal found that proper verification was lacking, as the CIT (A) accepted documents without thorough scrutiny. The issue was set aside for fresh adjudication by the Assessing Officer, emphasizing the onus on the assessee to prove the genuineness of transactions and the need for proper verification procedures to be followed. en-us Tue, 12 Feb 2019 00:00:00 +0530 Fri, 15 Feb 2019 08:09:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375174 The Tribunal allowed the revenue's appeal against the deletion of the addition of share application money by the CIT (A). The Tribunal found that proper verification was lacking, as the CIT (A) accepted documents without thorough scrutiny. The issue was set aside for fresh adjudication by the Assessing Officer, emphasizing the onus on the assessee to prove the genuineness of transactions and the need for proper verification procedures to be followed. Case-Laws Income Tax Tue, 12 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375174