https://www.taxtmi.com/caselaws?id=416211 The Tribunal dismissed the appeal, upholding the addition of Rs. 4.11 crores to the total income under section 68 of the Income Tax Act, 1961. It found that the transactions related to the enhancement of share capital and collection of share premium were sham and not genuine, based on circumstantial evidence and past legal precedents. The Tribunal affirmed the decision of the CIT (A) in this regard. en-us Mon, 29 Nov 2021 00:00:00 +0530 Thu, 23 Dec 2021 12:10:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416211 The Tribunal dismissed the appeal, upholding the addition of Rs. 4.11 crores to the total income under section 68 of the Income Tax Act, 1961. It found that the transactions related to the enhancement of share capital and collection of share premium were sham and not genuine, based on circumstantial evidence and past legal precedents. The Tribunal affirmed the decision of the CIT (A) in this regard. Case-Laws Income Tax Mon, 29 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416211