https://www.taxtmi.com/caselaws?id=297858 The Tribunal upheld the deletion of the addition of share application money under section 68 of the Income Tax Act, 1961, as the appellant proved the legitimacy of the transaction and the source of funds. Additionally, the Tribunal affirmed the validity of reopening the assessment under section 147, dismissing the cross-objection by the assessee. The decision was issued by the Appellate Tribunal ITAT Mumbai on 24/07/2019. en-us Wed, 24 Jul 2019 00:00:00 +0530 Sat, 25 Sep 2021 09:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297858 The Tribunal upheld the deletion of the addition of share application money under section 68 of the Income Tax Act, 1961, as the appellant proved the legitimacy of the transaction and the source of funds. Additionally, the Tribunal affirmed the validity of reopening the assessment under section 147, dismissing the cross-objection by the assessee. The decision was issued by the Appellate Tribunal ITAT Mumbai on 24/07/2019. Case-Laws Income Tax Wed, 24 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297858