https://www.taxtmi.com/caselaws?id=405547 The Tribunal upheld the CIT(A)'s order, deleting additions under Section 68 of the Income Tax Act for share capital, share premium, and unsecured loans, except for ARG Auto Components Pvt. Ltd. The Tribunal found the assessee provided ample evidence to prove the transactions' legitimacy. The CIT(A) correctly admitted additional evidence under Rule 46A, following due process. The Revenue's appeal was dismissed. en-us Tue, 09 Mar 2021 00:00:00 +0530 Tue, 23 Mar 2021 08:41:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405547 The Tribunal upheld the CIT(A)'s order, deleting additions under Section 68 of the Income Tax Act for share capital, share premium, and unsecured loans, except for ARG Auto Components Pvt. Ltd. The Tribunal found the assessee provided ample evidence to prove the transactions' legitimacy. The CIT(A) correctly admitted additional evidence under Rule 46A, following due process. The Revenue's appeal was dismissed. Case-Laws Income Tax Tue, 09 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405547