https://www.taxtmi.com/caselaws?id=303544 The Tribunal dismissed the Revenue's appeal, upholding the first appellate authority's decision to delete both the additions of unexplained share capital and the loan from K.G. Construction for the Assessment Year 2012-13. The Tribunal found that the Assessing Officer lacked a clear basis for the additions and criticized the lack of proper verification and timing in the assessment process. en-us Fri, 10 May 2019 00:00:00 +0530 Thu, 28 Jul 2022 20:55:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303544 The Tribunal dismissed the Revenue's appeal, upholding the first appellate authority's decision to delete both the additions of unexplained share capital and the loan from K.G. Construction for the Assessment Year 2012-13. The Tribunal found that the Assessing Officer lacked a clear basis for the additions and criticized the lack of proper verification and timing in the assessment process. Case-Laws Income Tax Fri, 10 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303544