https://www.taxtmi.com/caselaws?id=418773 The Tribunal upheld the addition of share application money amounting to Rs. 10 crores to the assessee's total income under section 68 of the Income Tax Act, 1961. Despite the assessee's challenges against the ex-parte order and the A.O.'s decision, the Tribunal found no fault in the lower authorities' rulings. Emphasizing the assessee's failure to substantiate the cash credits and comply with necessary requirements, the Tribunal dismissed the grounds raised by the assessee, affirming the Ld. CIT(A)'s decision to confirm the addition made by the A.O. en-us Tue, 21 Dec 2021 00:00:00 +0530 Thu, 24 Feb 2022 07:13:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418773 The Tribunal upheld the addition of share application money amounting to Rs. 10 crores to the assessee's total income under section 68 of the Income Tax Act, 1961. Despite the assessee's challenges against the ex-parte order and the A.O.'s decision, the Tribunal found no fault in the lower authorities' rulings. Emphasizing the assessee's failure to substantiate the cash credits and comply with necessary requirements, the Tribunal dismissed the grounds raised by the assessee, affirming the Ld. CIT(A)'s decision to confirm the addition made by the A.O. Case-Laws Income Tax Tue, 21 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418773