https://www.taxtmi.com/caselaws?id=417262 The Tribunal allowed the appeal of the assessee, deleting the addition made under Section 68 of the Income Tax Act. The Tribunal held that the assessee had provided sufficient evidence to establish the genuineness and creditworthiness of the share transactions, while criticizing the AO for not conducting a proper inquiry before making the addition. The appeal was allowed, and the amount of Rs. 11,77,50,000/- was removed from the assessee's taxable income. en-us Wed, 17 Nov 2021 00:00:00 +0530 Wed, 19 Jan 2022 08:52:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417262 The Tribunal allowed the appeal of the assessee, deleting the addition made under Section 68 of the Income Tax Act. The Tribunal held that the assessee had provided sufficient evidence to establish the genuineness and creditworthiness of the share transactions, while criticizing the AO for not conducting a proper inquiry before making the addition. The appeal was allowed, and the amount of Rs. 11,77,50,000/- was removed from the assessee's taxable income. Case-Laws Income Tax Wed, 17 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417262