https://www.taxtmi.com/caselaws?id=429931 The Tribunal upheld the revenue authorities' findings that off-market share transactions were bogus and share subscription money received was unexplained. The assessee's failure to establish the genuineness and creditworthiness of the transactions resulted in the additions made by the Assessing Officer being confirmed. The appeal was dismissed, affirming that the transactions were fabricated for illegal tax benefits. en-us Wed, 28 Sep 2022 00:00:00 +0530 Tue, 08 Nov 2022 09:20:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429931 The Tribunal upheld the revenue authorities' findings that off-market share transactions were bogus and share subscription money received was unexplained. The assessee's failure to establish the genuineness and creditworthiness of the transactions resulted in the additions made by the Assessing Officer being confirmed. The appeal was dismissed, affirming that the transactions were fabricated for illegal tax benefits. Case-Laws Income Tax Wed, 28 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429931