https://www.taxtmi.com/caselaws?id=410532 The tribunal dismissed the revenue's appeal, upholding the deletion of additions made by the Assessing Officer. It found that the assessee substantiated the genuineness of share transactions conducted through recognized channels, leading to the unsustainability of the additions under Sec.68. The tribunal emphasized the use of banking channels and documented evidence in support of the transactions, ultimately ruling in favor of the assessee due to the lack of concrete evidence against them. en-us Thu, 29 Jul 2021 00:00:00 +0530 Wed, 04 Aug 2021 08:34:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410532 The tribunal dismissed the revenue's appeal, upholding the deletion of additions made by the Assessing Officer. It found that the assessee substantiated the genuineness of share transactions conducted through recognized channels, leading to the unsustainability of the additions under Sec.68. The tribunal emphasized the use of banking channels and documented evidence in support of the transactions, ultimately ruling in favor of the assessee due to the lack of concrete evidence against them. Case-Laws Income Tax Thu, 29 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410532