https://www.taxtmi.com/caselaws?id=418126 The Tribunal dismissed the Revenue's appeal and partially allowed the assessee's appeal. It upheld the deletion of Rs. 1,80,00,000 by the CIT(A) and overturned the addition of Rs. 80,00,000 sustained by the CIT(A). The Tribunal found the assessee had adequately proven the identity and creditworthiness of share applicants and the genuineness of transactions under section 68 of the Income Tax Act, 1961. en-us Mon, 20 Dec 2021 00:00:00 +0530 Tue, 08 Feb 2022 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418126 The Tribunal dismissed the Revenue's appeal and partially allowed the assessee's appeal. It upheld the deletion of Rs. 1,80,00,000 by the CIT(A) and overturned the addition of Rs. 80,00,000 sustained by the CIT(A). The Tribunal found the assessee had adequately proven the identity and creditworthiness of share applicants and the genuineness of transactions under section 68 of the Income Tax Act, 1961. Case-Laws Income Tax Mon, 20 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418126