https://www.taxtmi.com/caselaws?id=384460 The Tribunal dismissed the Revenue's appeal and affirmed the CIT(A)'s decision to delete the addition made under Section 68 of the Income Tax Act. The Tribunal held that as there were no real cash transactions involved in the issuance of shares at a premium, the question of unexplained cash credit did not arise, thereby justifying the deletion of the addition made by the Assessing Officer. en-us Wed, 31 Jul 2019 00:00:00 +0530 Wed, 14 Aug 2019 07:05:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384460 The Tribunal dismissed the Revenue's appeal and affirmed the CIT(A)'s decision to delete the addition made under Section 68 of the Income Tax Act. The Tribunal held that as there were no real cash transactions involved in the issuance of shares at a premium, the question of unexplained cash credit did not arise, thereby justifying the deletion of the addition made by the Assessing Officer. Case-Laws Income Tax Wed, 31 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384460