https://www.taxtmi.com/caselaws?id=407122 The Tribunal partly allowed the revenue's appeal and fully allowed the assessee's appeal. It upheld the CIT(A)'s decisions on disallowance of depreciation, interest income, deemed dividend, and unexplained income under Section 68. The Tribunal agreed with the assessee that no addition under Section 68 was warranted for the current year, as the share application money was received in the previous assessment year. en-us Mon, 19 Oct 2020 00:00:00 +0530 Sat, 01 May 2021 09:29:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407122 The Tribunal partly allowed the revenue's appeal and fully allowed the assessee's appeal. It upheld the CIT(A)'s decisions on disallowance of depreciation, interest income, deemed dividend, and unexplained income under Section 68. The Tribunal agreed with the assessee that no addition under Section 68 was warranted for the current year, as the share application money was received in the previous assessment year. Case-Laws Income Tax Mon, 19 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407122