https://www.taxtmi.com/caselaws?id=441094 The Tribunal upheld the reopening of assessment and addition of Share Capital under section 68 of the Income Tax Act. The Assessee's failure to substantiate the genuineness of the Share Capital led to the dismissal of the appeal, with the Tribunal affirming the lower authorities' decision. The lack of cooperation and evidence from the Assessee resulted in the Tribunal finding no grounds to interfere with the Commissioner of Income Tax (Appeals)'s decision, ultimately dismissing the appeal. en-us Wed, 24 May 2023 00:00:00 +0530 Tue, 01 Aug 2023 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441094 The Tribunal upheld the reopening of assessment and addition of Share Capital under section 68 of the Income Tax Act. The Assessee's failure to substantiate the genuineness of the Share Capital led to the dismissal of the appeal, with the Tribunal affirming the lower authorities' decision. The lack of cooperation and evidence from the Assessee resulted in the Tribunal finding no grounds to interfere with the Commissioner of Income Tax (Appeals)'s decision, ultimately dismissing the appeal. Case-Laws Income Tax Wed, 24 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441094