https://www.taxtmi.com/caselaws?id=432740 The appeal was dismissed as the delay in re-filing was condoned. The case focused on the validity of an addition under Section 68 of the Income Tax Act, related to unexplained credits in the books of account. The Tribunal found the evidence provided by the assessee regarding the creditworthiness, identity, and genuineness of the investment to be satisfactory. Documents such as bank statements, PAN card copies, and income tax returns supported the source of funds, and a Chartered Accountant's report validated the share valuation. Consequently, the Tribunal concluded that no substantial question of law was raised, resulting in the dismissal of the appeal. en-us Fri, 23 Dec 2022 00:00:00 +0530 Fri, 11 Aug 2023 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432740 The appeal was dismissed as the delay in re-filing was condoned. The case focused on the validity of an addition under Section 68 of the Income Tax Act, related to unexplained credits in the books of account. The Tribunal found the evidence provided by the assessee regarding the creditworthiness, identity, and genuineness of the investment to be satisfactory. Documents such as bank statements, PAN card copies, and income tax returns supported the source of funds, and a Chartered Accountant's report validated the share valuation. Consequently, the Tribunal concluded that no substantial question of law was raised, resulting in the dismissal of the appeal. Case-Laws Income Tax Fri, 23 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432740