https://www.taxtmi.com/caselaws?id=409173 The Tribunal upheld the Commissioner's decision to delete both additions, emphasizing the importance of considering the circumstances and legal precedents. The appeal filed by the revenue was dismissed on June 29, 2021. The addition of Rs. 2,00,00,000 as unexplained share premium was deleted as it was properly documented from the previous year. The deletion of Rs. 26,33,675 made under section 57 was also upheld, as the expenses were necessary to maintain business operations. en-us Tue, 29 Jun 2021 00:00:00 +0530 Thu, 01 Jul 2021 07:55:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409173 The Tribunal upheld the Commissioner's decision to delete both additions, emphasizing the importance of considering the circumstances and legal precedents. The appeal filed by the revenue was dismissed on June 29, 2021. The addition of Rs. 2,00,00,000 as unexplained share premium was deleted as it was properly documented from the previous year. The deletion of Rs. 26,33,675 made under section 57 was also upheld, as the expenses were necessary to maintain business operations. Case-Laws Income Tax Tue, 29 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409173