https://www.taxtmi.com/caselaws?id=437411 The Tribunal upheld the addition of Rs. 4.88 Cr under Section 68 of the Income Tax Act, 1961, ruling against the appellant due to insufficient evidence to prove the genuineness of transactions and creditworthiness of share applicants. The appeal was dismissed, affirming the CIT(A)'s decision. en-us Wed, 03 May 2023 00:00:00 +0530 Fri, 05 May 2023 08:51:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437411 The Tribunal upheld the addition of Rs. 4.88 Cr under Section 68 of the Income Tax Act, 1961, ruling against the appellant due to insufficient evidence to prove the genuineness of transactions and creditworthiness of share applicants. The appeal was dismissed, affirming the CIT(A)'s decision. Case-Laws Income Tax Wed, 03 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437411