https://www.taxtmi.com/caselaws?id=389316 The Tribunal dismissed the department's appeal against the order of the Ld. Commissioner of Income Tax (Appeals) regarding the assessment year 2009-10. The case involved the addition of Rs. 1,11,00,000/- under section 68 of the Income Tax Act due to alleged bogus share capital. The Tribunal upheld the deletion of the addition by the Ld. CIT (A) as there was no incriminating material found during the search, in line with the legal principles outlined in the judgment of Commissioner of Income Tax vs. Kabul Chawla. The appeal was dismissed on 30th September 2019. en-us Mon, 30 Sep 2019 00:00:00 +0530 Thu, 05 Dec 2019 12:05:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389316 The Tribunal dismissed the department's appeal against the order of the Ld. Commissioner of Income Tax (Appeals) regarding the assessment year 2009-10. The case involved the addition of Rs. 1,11,00,000/- under section 68 of the Income Tax Act due to alleged bogus share capital. The Tribunal upheld the deletion of the addition by the Ld. CIT (A) as there was no incriminating material found during the search, in line with the legal principles outlined in the judgment of Commissioner of Income Tax vs. Kabul Chawla. The appeal was dismissed on 30th September 2019. Case-Laws Income Tax Mon, 30 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389316