https://www.taxtmi.com/caselaws?id=435388 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 1,65,00,000 under Section 68 of the Income Tax Act. The CIT(A) accepted the genuineness of the transactions involving share capital raised from investor companies, supported by documentary evidence. The Tribunal affirmed that the investor companies demonstrated creditworthiness and compliance with legal requirements, leading to the dismissal of the Revenue's appeal. en-us Thu, 16 Mar 2023 00:00:00 +0530 Sat, 18 Mar 2023 08:30:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435388 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 1,65,00,000 under Section 68 of the Income Tax Act. The CIT(A) accepted the genuineness of the transactions involving share capital raised from investor companies, supported by documentary evidence. The Tribunal affirmed that the investor companies demonstrated creditworthiness and compliance with legal requirements, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Thu, 16 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435388