https://www.taxtmi.com/caselaws?id=376535 The appellate tribunal upheld the Commissioner of Income Tax's order under section 263, directing further examination of the treatment of share premium as income. The case emphasized the significance of comprehensive assessment and verification of funds and transactions to ensure compliance with the Income Tax Act. The assessee's appeal was dismissed, and the CIT(A) was instructed to review the issue in accordance with the Tribunal's directions for the relevant assessment year. en-us Wed, 20 Feb 2019 00:00:00 +0530 Tue, 12 Mar 2019 08:07:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376535 The appellate tribunal upheld the Commissioner of Income Tax's order under section 263, directing further examination of the treatment of share premium as income. The case emphasized the significance of comprehensive assessment and verification of funds and transactions to ensure compliance with the Income Tax Act. The assessee's appeal was dismissed, and the CIT(A) was instructed to review the issue in accordance with the Tribunal's directions for the relevant assessment year. Case-Laws Income Tax Wed, 20 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376535