https://www.taxtmi.com/caselaws?id=424466 The Tribunal upheld the additions made by the lower authorities concerning unexplained credits and commission payments. The assessee failed to provide substantial evidence to counter the findings related to share capital and alleged commission, leading to the dismissal of the appeal. The Tribunal emphasized the importance of meeting the requirements under section 68 of the Income Tax Act, 1961, in proving the identity of investors, creditworthiness, and genuineness of transactions. en-us Wed, 29 Jun 2022 00:00:00 +0530 Fri, 01 Jul 2022 09:33:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424466 The Tribunal upheld the additions made by the lower authorities concerning unexplained credits and commission payments. The assessee failed to provide substantial evidence to counter the findings related to share capital and alleged commission, leading to the dismissal of the appeal. The Tribunal emphasized the importance of meeting the requirements under section 68 of the Income Tax Act, 1961, in proving the identity of investors, creditworthiness, and genuineness of transactions. Case-Laws Income Tax Wed, 29 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424466