https://www.taxtmi.com/caselaws?id=424318 The ITAT allowed the assessee's appeal in part, specifically deleting the addition of Rs. 1,59,53,000/- under Section 68 of the Income Tax Act. The reassessment proceedings were based on findings from a previous year where similar additions were deleted by the ITAT. The ITAT found that the AO's conclusions lacked supporting evidence regarding share capital money and dismissed the disallowance under Section 14A as not pressed. Other grounds of appeal were considered general and did not require specific adjudication. en-us Fri, 24 Jun 2022 00:00:00 +0530 Mon, 27 Jun 2022 10:25:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424318 The ITAT allowed the assessee's appeal in part, specifically deleting the addition of Rs. 1,59,53,000/- under Section 68 of the Income Tax Act. The reassessment proceedings were based on findings from a previous year where similar additions were deleted by the ITAT. The ITAT found that the AO's conclusions lacked supporting evidence regarding share capital money and dismissed the disallowance under Section 14A as not pressed. Other grounds of appeal were considered general and did not require specific adjudication. Case-Laws Income Tax Fri, 24 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424318