https://www.taxtmi.com/caselaws?id=376771 The tribunal set aside the CIT(A)'s decision and directed the Assessing Officer to delete the addition of Rs. 31.56 crores made under Section 68 of the Income Tax Act. The tribunal found that the assessee had successfully proven the identity, creditworthiness, and genuineness of the share capital received, discharging the initial burden imposed by Section 68. The appeal of the assessee was allowed. en-us Thu, 29 Nov 2018 00:00:00 +0530 Fri, 15 Mar 2019 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376771 The tribunal set aside the CIT(A)'s decision and directed the Assessing Officer to delete the addition of Rs. 31.56 crores made under Section 68 of the Income Tax Act. The tribunal found that the assessee had successfully proven the identity, creditworthiness, and genuineness of the share capital received, discharging the initial burden imposed by Section 68. The appeal of the assessee was allowed. Case-Laws Income Tax Thu, 29 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376771