https://www.taxtmi.com/caselaws?id=287390 The Tribunal set aside the CIT(A)'s deletion of an addition under Section 68 of the Income Tax Act regarding Share Application Money and Share Premium, remitting the matter for fresh adjudication. The Tribunal emphasized the necessity of establishing identity, creditworthiness, and genuineness of transactions. The case was partly allowed for statistical purposes, with the cross-objection also allowed for statistical purposes to maintain judicial consistency. en-us Thu, 27 Jun 2019 00:00:00 +0530 Mon, 13 Apr 2020 11:49:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287390 The Tribunal set aside the CIT(A)'s deletion of an addition under Section 68 of the Income Tax Act regarding Share Application Money and Share Premium, remitting the matter for fresh adjudication. The Tribunal emphasized the necessity of establishing identity, creditworthiness, and genuineness of transactions. The case was partly allowed for statistical purposes, with the cross-objection also allowed for statistical purposes to maintain judicial consistency. Case-Laws Income Tax Thu, 27 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287390