https://www.taxtmi.com/caselaws?id=378334 The ITAT upheld the Ld. CIT(A)'s decisions on all issues raised by the assessee, including the dismissal of the request for admission of additional evidence, disallowance of expenses amounting to Rs. 6,85,115, and addition of Rs. 22,00,000 on account of share capital and share premium. The ITAT emphasized the necessity of providing adequate and timely evidence to substantiate claims and the burden of proof resting on the assessee to demonstrate the legitimacy of transactions and expenses. en-us Wed, 10 Apr 2019 00:00:00 +0530 Fri, 12 Apr 2019 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378334 The ITAT upheld the Ld. CIT(A)'s decisions on all issues raised by the assessee, including the dismissal of the request for admission of additional evidence, disallowance of expenses amounting to Rs. 6,85,115, and addition of Rs. 22,00,000 on account of share capital and share premium. The ITAT emphasized the necessity of providing adequate and timely evidence to substantiate claims and the burden of proof resting on the assessee to demonstrate the legitimacy of transactions and expenses. Case-Laws Income Tax Wed, 10 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378334