https://www.taxtmi.com/caselaws?id=446253 ITAT Delhi dismissed the assessee's appeal regarding addition of share application money under Section 68. The assessee failed to prove genuineness of transactions and creditworthiness of creditors despite bearing the initial burden of proof. CIT(A) correctly confirmed the addition based on remand report. Additional disallowances for fixed assets, sundry creditors, and expenses remained unexplained by the assessee before AO and CIT(A), which were also upheld by the tribunal. en-us Tue, 17 Oct 2023 00:00:00 +0530 Wed, 29 Nov 2023 07:32:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446253 ITAT Delhi dismissed the assessee's appeal regarding addition of share application money under Section 68. The assessee failed to prove genuineness of transactions and creditworthiness of creditors despite bearing the initial burden of proof. CIT(A) correctly confirmed the addition based on remand report. Additional disallowances for fixed assets, sundry creditors, and expenses remained unexplained by the assessee before AO and CIT(A), which were also upheld by the tribunal. Case-Laws Income Tax Tue, 17 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446253