https://www.taxtmi.com/caselaws?id=31357 The appeal was dismissed as the Tribunal upheld the deletion of additions under Section 68 of the Income Tax Act, finding substantial evidence of shareholder identity and transaction genuineness. Disallowance of depreciation on cast iron moulds and rolls was overturned due to incorrect premises by the Assessing Officer, with documentary evidence supporting the allowance. The Tribunal emphasized factual determinations with no legal questions, affirming the Commissioner's findings. en-us Wed, 15 Oct 2008 00:00:00 +0530 Thu, 06 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31357 The appeal was dismissed as the Tribunal upheld the deletion of additions under Section 68 of the Income Tax Act, finding substantial evidence of shareholder identity and transaction genuineness. Disallowance of depreciation on cast iron moulds and rolls was overturned due to incorrect premises by the Assessing Officer, with documentary evidence supporting the allowance. The Tribunal emphasized factual determinations with no legal questions, affirming the Commissioner's findings. Case-Laws Income Tax Wed, 15 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31357