https://www.taxtmi.com/caselaws?id=283138 The Tribunal upheld the Ld. CIT(A)'s decision to delete the addition of Rs. 54.70 crores made by the A.O., treating share capital and share premium as unexplained cash credit. The Tribunal emphasized that amounts received in earlier years cannot be considered unexplained cash credits in subsequent years, citing relevant case law. The appeal of the revenue was dismissed, affirming the deletion of the addition by the Ld. CIT(A). en-us Fri, 27 Jul 2018 00:00:00 +0530 Mon, 09 Sep 2019 17:25:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283138 The Tribunal upheld the Ld. CIT(A)'s decision to delete the addition of Rs. 54.70 crores made by the A.O., treating share capital and share premium as unexplained cash credit. The Tribunal emphasized that amounts received in earlier years cannot be considered unexplained cash credits in subsequent years, citing relevant case law. The appeal of the revenue was dismissed, affirming the deletion of the addition by the Ld. CIT(A). Case-Laws Income Tax Fri, 27 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283138