https://www.taxtmi.com/caselaws?id=304994 The High Court upheld the Tribunal's decision regarding the deletion of an addition under section 68 of the Income Tax Act. The Court found the transactions involving shares of Ramkrishna Fincap Ltd. were legitimate, conducted through proper channels, and supported by documentation. No allegations of price rigging were substantiated, leading to the dismissal of the appeal without costs. The Court emphasized the absence of any errors or incorrect application of principles by the Tribunal, affirming the validity of its decision. en-us Fri, 04 Mar 2022 00:00:00 +0530 Wed, 09 Nov 2022 21:36:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304994 The High Court upheld the Tribunal's decision regarding the deletion of an addition under section 68 of the Income Tax Act. The Court found the transactions involving shares of Ramkrishna Fincap Ltd. were legitimate, conducted through proper channels, and supported by documentation. No allegations of price rigging were substantiated, leading to the dismissal of the appeal without costs. The Court emphasized the absence of any errors or incorrect application of principles by the Tribunal, affirming the validity of its decision. Case-Laws Income Tax Fri, 04 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304994