https://www.taxtmi.com/caselaws?id=398638 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s deletion of the addition of Rs. 2,63,15,000/- made by the AO under Section 68 of the Income Tax Act. The Tribunal found that the Revenue failed to prove the share premium was unjustified or from undisclosed sources, emphasizing the adequacy of evidence provided by the assessee. The appeal was dismissed, affirming the deletion of the addition by the CIT(A). en-us Mon, 14 Sep 2020 00:00:00 +0530 Mon, 21 Sep 2020 11:17:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398638 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s deletion of the addition of Rs. 2,63,15,000/- made by the AO under Section 68 of the Income Tax Act. The Tribunal found that the Revenue failed to prove the share premium was unjustified or from undisclosed sources, emphasizing the adequacy of evidence provided by the assessee. The appeal was dismissed, affirming the deletion of the addition by the CIT(A). Case-Laws Income Tax Mon, 14 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398638