https://www.taxtmi.com/caselaws?id=391239 The Tribunal remitted the matter back to the AO for re-examination regarding the addition of share capital and premium as unexplained cash credits under Section 68 of the Income Tax Act. The Tribunal emphasized the importance of substance over form in the transaction and instructed the AO to consider the assessee's submissions and relevant Supreme Court decisions. The appeal was allowed for statistical purposes, with specific instructions for the AO to provide the assessee with a proper opportunity to be heard. en-us Thu, 07 Nov 2019 00:00:00 +0530 Thu, 23 Jan 2020 12:01:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391239 The Tribunal remitted the matter back to the AO for re-examination regarding the addition of share capital and premium as unexplained cash credits under Section 68 of the Income Tax Act. The Tribunal emphasized the importance of substance over form in the transaction and instructed the AO to consider the assessee's submissions and relevant Supreme Court decisions. The appeal was allowed for statistical purposes, with specific instructions for the AO to provide the assessee with a proper opportunity to be heard. Case-Laws Income Tax Thu, 07 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391239