https://www.taxtmi.com/caselaws?id=436783 The Tribunal dismissed the Revenue's appeal, confirming the CIT(A)'s order deleting the addition made under Section 68 of the Income Tax Act. It was held that the assessee, a listed company, had adequately proven the genuineness of the share application money received, shifting the burden of proof to the AO, who failed to provide substantial evidence to refute the assessee's documentation. en-us Tue, 18 Apr 2023 00:00:00 +0530 Thu, 20 Apr 2023 10:02:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436783 The Tribunal dismissed the Revenue's appeal, confirming the CIT(A)'s order deleting the addition made under Section 68 of the Income Tax Act. It was held that the assessee, a listed company, had adequately proven the genuineness of the share application money received, shifting the burden of proof to the AO, who failed to provide substantial evidence to refute the assessee's documentation. Case-Laws Income Tax Tue, 18 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436783