https://www.taxtmi.com/caselaws?id=389468 The appeal challenging the Commissioner of Income Tax (Appeals) order for Assessment Year 2009-10 was allowed. The Assessing Officer's detailed remand report confirmed share applicants' authenticity and creditworthiness, leading to the deletion of additions under section 68 of the Income Tax Act. Regarding the second issue on the Income Tax Officer's locus standi to appeal against his own findings, the Tribunal, following legal precedents, dismissed the appeal as impermissible. The judgment emphasized respecting verified findings and legal boundaries in appeals, resulting in the dismissal of the revenue's appeal. en-us Fri, 20 Sep 2019 00:00:00 +0530 Mon, 09 Dec 2019 13:40:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389468 The appeal challenging the Commissioner of Income Tax (Appeals) order for Assessment Year 2009-10 was allowed. The Assessing Officer's detailed remand report confirmed share applicants' authenticity and creditworthiness, leading to the deletion of additions under section 68 of the Income Tax Act. Regarding the second issue on the Income Tax Officer's locus standi to appeal against his own findings, the Tribunal, following legal precedents, dismissed the appeal as impermissible. The judgment emphasized respecting verified findings and legal boundaries in appeals, resulting in the dismissal of the revenue's appeal. Case-Laws Income Tax Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389468