https://www.taxtmi.com/caselaws?id=285733 The Tribunal upheld the CIT(A)'s decision to delete the addition made under Section 68 of the Income Tax Act, finding that the assessee had proven the identity, creditworthiness, and genuineness of the share applicants. The Tribunal also ruled that the proviso to Section 68 was not applicable for the relevant assessment year, leading to the dismissal of the revenue's appeal. en-us Wed, 20 Feb 2019 00:00:00 +0530 Fri, 24 Jan 2020 08:35:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285733 The Tribunal upheld the CIT(A)'s decision to delete the addition made under Section 68 of the Income Tax Act, finding that the assessee had proven the identity, creditworthiness, and genuineness of the share applicants. The Tribunal also ruled that the proviso to Section 68 was not applicable for the relevant assessment year, leading to the dismissal of the revenue's appeal. Case-Laws Income Tax Wed, 20 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285733