https://www.taxtmi.com/caselaws?id=408711 The Tribunal remanded the case to the Assessing Officer to verify additional evidence, including share certificates, regarding the genuineness of transactions involving unexplained share capital under Section 68 of the Income Tax Act. The Tribunal accepted the reasons for delay in filing the appeal due to the COVID-19 outbreak and admitted the appeal for adjudication. The issue of interest levied under Sections 234A, 234B, and 234C was not extensively discussed, with the primary focus being on the addition under Section 68. The appeal was treated as allowed for statistical purposes. en-us Mon, 14 Jun 2021 00:00:00 +0530 Sat, 19 Jun 2021 10:18:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408711 The Tribunal remanded the case to the Assessing Officer to verify additional evidence, including share certificates, regarding the genuineness of transactions involving unexplained share capital under Section 68 of the Income Tax Act. The Tribunal accepted the reasons for delay in filing the appeal due to the COVID-19 outbreak and admitted the appeal for adjudication. The issue of interest levied under Sections 234A, 234B, and 234C was not extensively discussed, with the primary focus being on the addition under Section 68. The appeal was treated as allowed for statistical purposes. Case-Laws Income Tax Mon, 14 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408711