https://www.taxtmi.com/caselaws?id=405383 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. The addition of unexplained share application money was deemed unjustified as the assessee provided sufficient transaction details. The assessment order under section 153C was quashed due to the absence of incriminating material linking the assessee to the seized items. The Tribunal emphasized the lack of genuineness in transactions and upheld the CIT(A)'s findings, ultimately leading to the dismissal of the Revenue's appeal. en-us Tue, 09 Feb 2021 00:00:00 +0530 Fri, 19 Mar 2021 09:19:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405383 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. The addition of unexplained share application money was deemed unjustified as the assessee provided sufficient transaction details. The assessment order under section 153C was quashed due to the absence of incriminating material linking the assessee to the seized items. The Tribunal emphasized the lack of genuineness in transactions and upheld the CIT(A)'s findings, ultimately leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Tue, 09 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405383