https://www.taxtmi.com/caselaws?id=438504 The Tribunal allowed the appeal by the Assessee, overturning additions made under Sections 68 and 69C of the Income Tax Act. It found the share transactions genuine, noting errors in the Assessing Officer's conclusions and lack of independent verification. The Tribunal held that the Assessee had acquired the shares legitimately and deleted the additions, emphasizing the need for proper assessment and adherence to natural justice principles in tax matters. en-us Tue, 25 Apr 2023 00:00:00 +0530 Fri, 02 Jun 2023 08:32:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438504 The Tribunal allowed the appeal by the Assessee, overturning additions made under Sections 68 and 69C of the Income Tax Act. It found the share transactions genuine, noting errors in the Assessing Officer's conclusions and lack of independent verification. The Tribunal held that the Assessee had acquired the shares legitimately and deleted the additions, emphasizing the need for proper assessment and adherence to natural justice principles in tax matters. Case-Laws Income Tax Tue, 25 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438504