https://www.taxtmi.com/caselaws?id=432424 The Tribunal upheld the decision of the ld. CIT(A) to delete the addition of Rs.2,00,00,000/- under Sec. 28(iv) of the Income Tax Act. It was concluded that no real benefit accrued to the appellant from the 'sweat equity' shares issued by M/s RHL, as they were conditional and not an irretrievable benefit. The Tribunal found no reason to interfere and dismissed the Revenue's appeal, affirming the deletion of the addition in the appellant's hands. en-us Tue, 03 Jan 2023 00:00:00 +0530 Thu, 05 Jan 2023 08:26:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432424 The Tribunal upheld the decision of the ld. CIT(A) to delete the addition of Rs.2,00,00,000/- under Sec. 28(iv) of the Income Tax Act. It was concluded that no real benefit accrued to the appellant from the 'sweat equity' shares issued by M/s RHL, as they were conditional and not an irretrievable benefit. The Tribunal found no reason to interfere and dismissed the Revenue's appeal, affirming the deletion of the addition in the appellant's hands. Case-Laws Income Tax Tue, 03 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432424