https://www.taxtmi.com/caselaws?id=420614 The Tribunal upheld the CIT(A)'s decisions to delete additions under various sections, including the deletion of share application money under Section 68, holding it as a capital receipt, deletion of unsecured loan addition, disallowance of interest paid, and deletion of investment from bogus parties. The Tribunal emphasized that the assessee provided substantial evidence, and the AO's lack of proper verification led to the deletions. The Tribunal dismissed the revenue's appeal, confirming the deletions and disallowances made by the CIT(A). en-us Mon, 28 Mar 2022 00:00:00 +0530 Tue, 05 Apr 2022 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420614 The Tribunal upheld the CIT(A)'s decisions to delete additions under various sections, including the deletion of share application money under Section 68, holding it as a capital receipt, deletion of unsecured loan addition, disallowance of interest paid, and deletion of investment from bogus parties. The Tribunal emphasized that the assessee provided substantial evidence, and the AO's lack of proper verification led to the deletions. The Tribunal dismissed the revenue's appeal, confirming the deletions and disallowances made by the CIT(A). Case-Laws Income Tax Mon, 28 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420614