https://www.taxtmi.com/caselaws?id=404723 The Tribunal upheld the Ld. CIT(A)'s decision, dismissing the revenue's appeal and confirming that the addition of Rs. 50.30 crores under Section 68 of the Income Tax Act was not warranted. The identity, creditworthiness, and genuineness of the share subscribers were established through submitted documents, and it was found that the transactions were genuine and within legal parameters, leading to the deletion of the addition. en-us Thu, 25 Feb 2021 00:00:00 +0530 Tue, 02 Mar 2021 08:19:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404723 The Tribunal upheld the Ld. CIT(A)'s decision, dismissing the revenue's appeal and confirming that the addition of Rs. 50.30 crores under Section 68 of the Income Tax Act was not warranted. The identity, creditworthiness, and genuineness of the share subscribers were established through submitted documents, and it was found that the transactions were genuine and within legal parameters, leading to the deletion of the addition. Case-Laws Income Tax Thu, 25 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404723