https://www.taxtmi.com/caselaws?id=395376 The Tribunal dismissed the revenue's appeal, upholding the CIT (A)'s decisions regarding the disallowance of share capital loss under section 68 and the addition under section 2(22)(e) of the Act. The Tribunal emphasized the legitimacy of the share premium valuation and the commercial nature of the advances, leading to the dismissal of the revenue's claims. en-us Thu, 14 May 2020 00:00:00 +0530 Wed, 24 Jun 2020 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395376 The Tribunal dismissed the revenue's appeal, upholding the CIT (A)'s decisions regarding the disallowance of share capital loss under section 68 and the addition under section 2(22)(e) of the Act. The Tribunal emphasized the legitimacy of the share premium valuation and the commercial nature of the advances, leading to the dismissal of the revenue's claims. Case-Laws Income Tax Thu, 14 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395376