https://www.taxtmi.com/caselaws?id=294190 The Tribunal held that the CIT(A) correctly deleted the addition made under section 68 of the IT Act as the transactions involved a barter exchange of shares without cash consideration. The Tribunal emphasized that section 68 applies only to cash credits and not to barter transactions involving the exchange of shares. The appeal of the Revenue was dismissed, and the decision of the CIT(A) was upheld. en-us Wed, 08 May 2019 00:00:00 +0530 Fri, 26 Mar 2021 08:48:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294190 The Tribunal held that the CIT(A) correctly deleted the addition made under section 68 of the IT Act as the transactions involved a barter exchange of shares without cash consideration. The Tribunal emphasized that section 68 applies only to cash credits and not to barter transactions involving the exchange of shares. The appeal of the Revenue was dismissed, and the decision of the CIT(A) was upheld. Case-Laws Income Tax Wed, 08 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294190