https://www.taxtmi.com/caselaws?id=414783 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to delete the addition of unexplained cash credits under section 68 of the Income Tax Act for the Assessment Year 2010-11. The Tribunal found that the assessee had discharged its burden of proof regarding the share application/premium amount, as per the Assessing Officer's remand report, and cited relevant case laws to support its decision. The judgment was delivered on October 27, 2021. en-us Wed, 27 Oct 2021 00:00:00 +0530 Wed, 17 Nov 2021 08:52:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414783 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to delete the addition of unexplained cash credits under section 68 of the Income Tax Act for the Assessment Year 2010-11. The Tribunal found that the assessee had discharged its burden of proof regarding the share application/premium amount, as per the Assessing Officer's remand report, and cited relevant case laws to support its decision. The judgment was delivered on October 27, 2021. Case-Laws Income Tax Wed, 27 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414783