https://www.taxtmi.com/caselaws?id=412180 The Tribunal confirmed the deletion of additions made under section 68 for Assessment Years (AY) 2011-12 and 2012-13, as the assessee provided substantial evidence establishing the genuineness of share capital and premium transactions. The Assessing Officer's lack of concrete evidence to disprove the transactions led the Tribunal to uphold the decisions of the Commissioner of Income Tax (Appeals) and delete the additions for both years. en-us Tue, 31 Aug 2021 00:00:00 +0530 Sun, 12 Sep 2021 22:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412180 The Tribunal confirmed the deletion of additions made under section 68 for Assessment Years (AY) 2011-12 and 2012-13, as the assessee provided substantial evidence establishing the genuineness of share capital and premium transactions. The Assessing Officer's lack of concrete evidence to disprove the transactions led the Tribunal to uphold the decisions of the Commissioner of Income Tax (Appeals) and delete the additions for both years. Case-Laws Income Tax Tue, 31 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412180