https://www.taxtmi.com/caselaws?id=400841 The Tribunal set aside the CIT(A)'s order and directed the AO to delete the addition of Rs. 7,50,00,000 under Section 68 of the Income Tax Act, as the assessee had sufficiently proven the identity, capacity, and genuineness of the share applicants through substantial documentary evidence. The appeal was partly allowed, and the legal issue of addition without incriminating material was deemed unnecessary to decide. en-us Fri, 11 Sep 2020 00:00:00 +0530 Fri, 20 Nov 2020 13:18:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400841 The Tribunal set aside the CIT(A)'s order and directed the AO to delete the addition of Rs. 7,50,00,000 under Section 68 of the Income Tax Act, as the assessee had sufficiently proven the identity, capacity, and genuineness of the share applicants through substantial documentary evidence. The appeal was partly allowed, and the legal issue of addition without incriminating material was deemed unnecessary to decide. Case-Laws Income Tax Fri, 11 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400841