https://www.taxtmi.com/caselaws?id=381276 The Tribunal upheld the order of the CIT(A) deleting the addition made by the Assessing Officer under Section 68 of the Income Tax Act. It concluded that the transaction was genuine, conducted within the legal framework, and based on the intrinsic value of the shares. The Tribunal dismissed the Revenue's appeal, emphasizing that transactions supported by proper documentation and regulatory compliance should not be treated as bogus. en-us Tue, 04 Jun 2019 00:00:00 +0530 Fri, 20 Sep 2019 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381276 The Tribunal upheld the order of the CIT(A) deleting the addition made by the Assessing Officer under Section 68 of the Income Tax Act. It concluded that the transaction was genuine, conducted within the legal framework, and based on the intrinsic value of the shares. The Tribunal dismissed the Revenue's appeal, emphasizing that transactions supported by proper documentation and regulatory compliance should not be treated as bogus. Case-Laws Income Tax Tue, 04 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381276