https://www.taxtmi.com/caselaws?id=404514 The Tribunal affirmed the addition of Rs. 80 lakhs as bogus share capital and share premium under section 68 of the Income Tax Act for the assessment year 2011-12. The decision was based on the failure of the assessee to substantiate the genuineness of the transactions and the creditworthiness of the investor companies, despite multiple opportunities provided during the proceedings. en-us Tue, 19 Jan 2021 00:00:00 +0530 Thu, 25 Feb 2021 09:09:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404514 The Tribunal affirmed the addition of Rs. 80 lakhs as bogus share capital and share premium under section 68 of the Income Tax Act for the assessment year 2011-12. The decision was based on the failure of the assessee to substantiate the genuineness of the transactions and the creditworthiness of the investor companies, despite multiple opportunities provided during the proceedings. Case-Laws Income Tax Tue, 19 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404514