https://www.taxtmi.com/caselaws?id=293189 The Tribunal upheld the decision of the First Appellate Authority, dismissing the Revenue's appeal and finding no fault in deleting the addition under Section 68 of the Income Tax Act. It was concluded that the assessee adequately explained the share capital and premium transactions with proper documentation, meeting the requirements of Section 68. The Tribunal emphasized that the evidence provided by the assessee was satisfactory, and the cited judicial precedents by the Revenue were deemed inapplicable to the present case. en-us Wed, 09 Jan 2019 00:00:00 +0530 Thu, 28 Jan 2021 21:47:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293189 The Tribunal upheld the decision of the First Appellate Authority, dismissing the Revenue's appeal and finding no fault in deleting the addition under Section 68 of the Income Tax Act. It was concluded that the assessee adequately explained the share capital and premium transactions with proper documentation, meeting the requirements of Section 68. The Tribunal emphasized that the evidence provided by the assessee was satisfactory, and the cited judicial precedents by the Revenue were deemed inapplicable to the present case. Case-Laws Income Tax Wed, 09 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293189