https://www.taxtmi.com/caselaws?id=440512 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 2,24,99,910/- made under Section 68 of the Income Tax Act, affirming that the assessee had proven the identity, creditworthiness, and genuineness of the transactions related to share capital and premium. The Tribunal found the evidence provided by the assessee, including incorporation certificates, PAN details, and source of funds, to be sufficient, dismissing the Revenue's appeal. en-us Mon, 29 May 2023 00:00:00 +0530 Tue, 18 Jul 2023 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440512 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 2,24,99,910/- made under Section 68 of the Income Tax Act, affirming that the assessee had proven the identity, creditworthiness, and genuineness of the transactions related to share capital and premium. The Tribunal found the evidence provided by the assessee, including incorporation certificates, PAN details, and source of funds, to be sufficient, dismissing the Revenue's appeal. Case-Laws Income Tax Mon, 29 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440512