https://www.taxtmi.com/caselaws?id=391806 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision to delete the addition of Rs. 1,57,00,000/- made by the Assessing Officer under Section 68 of the Income Tax Act, 1961. The addition was on account of unconfirmed share capital/premium and unsecured loans. The Tribunal found that the assessee had provided sufficient evidence to establish the identity, genuineness, and creditworthiness of the transactions. The appeal by the revenue was dismissed, affirming the relief granted by the Commissioner of Income Tax (Appeals). en-us Thu, 23 Jan 2020 00:00:00 +0530 Wed, 05 Feb 2020 09:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391806 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision to delete the addition of Rs. 1,57,00,000/- made by the Assessing Officer under Section 68 of the Income Tax Act, 1961. The addition was on account of unconfirmed share capital/premium and unsecured loans. The Tribunal found that the assessee had provided sufficient evidence to establish the identity, genuineness, and creditworthiness of the transactions. The appeal by the revenue was dismissed, affirming the relief granted by the Commissioner of Income Tax (Appeals). Case-Laws Income Tax Thu, 23 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391806