https://www.taxtmi.com/caselaws?id=440930 The Tribunal upheld the CIT(A)'s decision to delete additions made under Section 68 of the Income Tax Act for share capital, share premium, and unsecured loan. The CIT(A) found that the assessee had established the identity, creditworthiness, and genuineness of the transactions, leading to the dismissal of the Revenue's appeal. The Tribunal relied on precedents such as Lovely Exports Pvt. Ltd. to support its decision. en-us Wed, 26 Jul 2023 00:00:00 +0530 Fri, 28 Jul 2023 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440930 The Tribunal upheld the CIT(A)'s decision to delete additions made under Section 68 of the Income Tax Act for share capital, share premium, and unsecured loan. The CIT(A) found that the assessee had established the identity, creditworthiness, and genuineness of the transactions, leading to the dismissal of the Revenue's appeal. The Tribunal relied on precedents such as Lovely Exports Pvt. Ltd. to support its decision. Case-Laws Income Tax Wed, 26 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440930