https://www.taxtmi.com/caselaws?id=409117 The Tribunal upheld the CIT(A)'s decision to dismiss the Revenue's appeal, affirming the deletion of additions related to unexplained share capital and share premium, as well as the estimation of Gross Profit. The Tribunal found that the assessee adequately proved the identity, creditworthiness, and genuineness of the transactions, and that the rejection of the books of accounts and the GP estimation were unwarranted. en-us Fri, 28 May 2021 00:00:00 +0530 Tue, 29 Jun 2021 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409117 The Tribunal upheld the CIT(A)'s decision to dismiss the Revenue's appeal, affirming the deletion of additions related to unexplained share capital and share premium, as well as the estimation of Gross Profit. The Tribunal found that the assessee adequately proved the identity, creditworthiness, and genuineness of the transactions, and that the rejection of the books of accounts and the GP estimation were unwarranted. Case-Laws Income Tax Fri, 28 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409117