https://www.taxtmi.com/caselaws?id=286701 The Tribunal allowed the appeal, quashing the AO's order under section 147 due to vague reasons and lack of specifics on alleged entries. The addition of Rs. 30 lakhs under section 68 was deleted as the assessee provided sufficient evidence of the genuineness of share capital. Additionally, the lump sum disallowance of Rs. 31,171 for expenses was deleted as it lacked specific findings of expenses being non-genuine. en-us Tue, 24 Apr 2018 00:00:00 +0530 Thu, 12 Mar 2020 07:15:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286701 The Tribunal allowed the appeal, quashing the AO's order under section 147 due to vague reasons and lack of specifics on alleged entries. The addition of Rs. 30 lakhs under section 68 was deleted as the assessee provided sufficient evidence of the genuineness of share capital. Additionally, the lump sum disallowance of Rs. 31,171 for expenses was deleted as it lacked specific findings of expenses being non-genuine. Case-Laws Income Tax Tue, 24 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286701