https://www.taxtmi.com/caselaws?id=443409 The Tribunal upheld the deletion of additions made under Section 68 for unexplained share capital and unsecured loans in the case involving a private limited company. The assessee successfully proved the identity, creditworthiness, and genuineness of the transactions, leading to the removal of the additions. The Tribunal dismissed the revenue's appeal on these issues, emphasizing that the assessee had fulfilled its burden by providing sufficient details and documents. The revenue's appeal was partially allowed on other grounds, which were deemed general and consequential. en-us Thu, 03 Aug 2023 00:00:00 +0530 Sat, 23 Sep 2023 08:34:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443409 The Tribunal upheld the deletion of additions made under Section 68 for unexplained share capital and unsecured loans in the case involving a private limited company. The assessee successfully proved the identity, creditworthiness, and genuineness of the transactions, leading to the removal of the additions. The Tribunal dismissed the revenue's appeal on these issues, emphasizing that the assessee had fulfilled its burden by providing sufficient details and documents. The revenue's appeal was partially allowed on other grounds, which were deemed general and consequential. Case-Laws Income Tax Thu, 03 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443409