https://www.taxtmi.com/caselaws?id=436048 The Tribunal allowed the appeal, setting aside the additions made under Sections 68 and 56(2)(viib) of the Income Tax Act, 1961. The detailed analysis and documentary evidence provided by the assessee sufficiently discharged the onus of proving the nature and source of the share application money, and the pro-rata allotment of shares did not warrant the application of Section 56(2)(viib). en-us Tue, 26 Jul 2022 00:00:00 +0530 Mon, 03 Apr 2023 20:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436048 The Tribunal allowed the appeal, setting aside the additions made under Sections 68 and 56(2)(viib) of the Income Tax Act, 1961. The detailed analysis and documentary evidence provided by the assessee sufficiently discharged the onus of proving the nature and source of the share application money, and the pro-rata allotment of shares did not warrant the application of Section 56(2)(viib). Case-Laws Income Tax Tue, 26 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436048