https://www.taxtmi.com/caselaws?id=280203 The Tribunal allowed the appeal for statistical purposes as the AO failed to conduct independent verifications as directed by the Commissioner, leading to the addition of share capital. Emphasizing the importance of proper inquiry, the Tribunal remanded the case for a fresh assessment, ensuring a fair opportunity for the assessee. The judgment highlighted the necessity of thorough investigations into share capital transactions and conducting independent verifications to establish the genuineness of investments. Ultimately, the appeal of the assessee was allowed for statistical purposes. en-us Fri, 03 Aug 2018 00:00:00 +0530 Thu, 25 Apr 2019 06:29:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280203 The Tribunal allowed the appeal for statistical purposes as the AO failed to conduct independent verifications as directed by the Commissioner, leading to the addition of share capital. Emphasizing the importance of proper inquiry, the Tribunal remanded the case for a fresh assessment, ensuring a fair opportunity for the assessee. The judgment highlighted the necessity of thorough investigations into share capital transactions and conducting independent verifications to establish the genuineness of investments. Ultimately, the appeal of the assessee was allowed for statistical purposes. Case-Laws Income Tax Fri, 03 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280203