https://www.taxtmi.com/caselaws?id=387235 The Tribunal allowed the revenue's appeal for statistical purposes, restoring the issues to the AO for fresh adjudication. The additions under Section 68 for unsecured loan and share application money were deleted by the CIT(A) due to the assessee proving the source of funds. The Tribunal emphasized verifying transaction genuineness and creditworthiness, directing a fresh assessment in line with NRA Ispat and NDR Promoters decisions. The appeal was allowed, providing the assessee with a reasonable opportunity to be heard. en-us Thu, 10 Oct 2019 00:00:00 +0530 Sat, 19 Oct 2019 15:57:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387235 The Tribunal allowed the revenue's appeal for statistical purposes, restoring the issues to the AO for fresh adjudication. The additions under Section 68 for unsecured loan and share application money were deleted by the CIT(A) due to the assessee proving the source of funds. The Tribunal emphasized verifying transaction genuineness and creditworthiness, directing a fresh assessment in line with NRA Ispat and NDR Promoters decisions. The appeal was allowed, providing the assessee with a reasonable opportunity to be heard. Case-Laws Income Tax Thu, 10 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387235