https://www.taxtmi.com/caselaws?id=430994 The Tribunal upheld the lower authorities' decisions in dismissing the appeal of the assessee for the assessment year 2008-09. The Tribunal cited lack of compliance, explanation, and evidence from the assessee, leading to additions for unexplained share capital and premium under Sec. 68 of the Income Tax Act. Additionally, the disallowance under Sec. 14A read with Rule 8D was confirmed due to unsatisfactory explanations provided by the assessee. The appeal was ultimately dismissed, affirming the decisions of the lower authorities on the additions and disallowances made under the Income Tax Act. en-us Tue, 29 Nov 2022 00:00:00 +0530 Sat, 03 Dec 2022 07:00:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430994 The Tribunal upheld the lower authorities' decisions in dismissing the appeal of the assessee for the assessment year 2008-09. The Tribunal cited lack of compliance, explanation, and evidence from the assessee, leading to additions for unexplained share capital and premium under Sec. 68 of the Income Tax Act. Additionally, the disallowance under Sec. 14A read with Rule 8D was confirmed due to unsatisfactory explanations provided by the assessee. The appeal was ultimately dismissed, affirming the decisions of the lower authorities on the additions and disallowances made under the Income Tax Act. Case-Laws Income Tax Tue, 29 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430994