https://www.taxtmi.com/caselaws?id=433993 The Tribunal directed the Assessing Officer to delete the addition of Rs. 230 lacs made under section 68 of the Income-tax Act, 1961. The Tribunal found that the assessee had sufficiently proven the identity and creditworthiness of the share subscribing companies and the genuineness of the transactions. Consequently, the appeal of the assessee was allowed. en-us Fri, 13 Jan 2023 00:00:00 +0530 Tue, 14 Feb 2023 10:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433993 The Tribunal directed the Assessing Officer to delete the addition of Rs. 230 lacs made under section 68 of the Income-tax Act, 1961. The Tribunal found that the assessee had sufficiently proven the identity and creditworthiness of the share subscribing companies and the genuineness of the transactions. Consequently, the appeal of the assessee was allowed. Case-Laws Income Tax Fri, 13 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433993