https://www.taxtmi.com/caselaws?id=385215 The Tribunal upheld the CIT(A)'s decision, dismissing the revenue's appeal. It affirmed that the assessee adequately demonstrated the genuineness of the transaction, investor identity, and compliance with statutory requirements. Valuation issues alone could not justify an addition under Section 68. The revenue failed to prove the share premium was not genuine. The appeal was dismissed, and the CIT(A)'s order was confirmed. en-us Wed, 31 Jul 2019 00:00:00 +0530 Fri, 30 Aug 2019 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385215 The Tribunal upheld the CIT(A)'s decision, dismissing the revenue's appeal. It affirmed that the assessee adequately demonstrated the genuineness of the transaction, investor identity, and compliance with statutory requirements. Valuation issues alone could not justify an addition under Section 68. The revenue failed to prove the share premium was not genuine. The appeal was dismissed, and the CIT(A)'s order was confirmed. Case-Laws Income Tax Wed, 31 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385215