https://www.taxtmi.com/caselaws?id=295292 The Tribunal partly allowed the assessee's appeal for the A.Y 2011-12, directing a reevaluation of the creditworthiness of the parties involved in the share application money transactions. The Tribunal confirmed the addition of the amount from the third party as unexplained credit but remanded the issue of the other two parties back to the AO for reconsideration, granting the assessee an opportunity to prove their creditworthiness. en-us Fri, 29 Jun 2018 00:00:00 +0530 Fri, 28 May 2021 08:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295292 The Tribunal partly allowed the assessee's appeal for the A.Y 2011-12, directing a reevaluation of the creditworthiness of the parties involved in the share application money transactions. The Tribunal confirmed the addition of the amount from the third party as unexplained credit but remanded the issue of the other two parties back to the AO for reconsideration, granting the assessee an opportunity to prove their creditworthiness. Case-Laws Income Tax Fri, 29 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295292