https://www.taxtmi.com/caselaws?id=383049 The Tribunal held that the addition of Rs. 1,21,17,750/- under Section 68 of the Income Tax Act was not in accordance with the law and deleted the same. Additionally, the Tribunal concluded that the provisions of Section 56(2)(viib) were not applicable for the assessment year 2011-12. As a result, the appeal filed by the Assessee was allowed. en-us Fri, 12 Jul 2019 00:00:00 +0530 Mon, 15 Jul 2019 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383049 The Tribunal held that the addition of Rs. 1,21,17,750/- under Section 68 of the Income Tax Act was not in accordance with the law and deleted the same. Additionally, the Tribunal concluded that the provisions of Section 56(2)(viib) were not applicable for the assessment year 2011-12. As a result, the appeal filed by the Assessee was allowed. Case-Laws Income Tax Fri, 12 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383049