https://www.taxtmi.com/caselaws?id=451234 The HC dismissed the appeal, affirming the ITAT's decision to delete additions under Section 68 of the Income Tax Act, 1961. The Tribunal upheld the CIT(A)'s findings, which established the identity, creditworthiness, and genuineness of transactions involving share capital from M/s. Honesty Dealers Pvt. Ltd. and M/s. Seaview Agencies Pvt. Ltd. The HC also condoned a 59-day delay in filing the appeal, as satisfactory reasons were provided. Consequently, the appeal and the stay application were dismissed, as no substantial question of law was found for consideration. en-us Mon, 11 Mar 2024 00:00:00 +0530 Fri, 03 May 2024 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451234 The HC dismissed the appeal, affirming the ITAT's decision to delete additions under Section 68 of the Income Tax Act, 1961. The Tribunal upheld the CIT(A)'s findings, which established the identity, creditworthiness, and genuineness of transactions involving share capital from M/s. Honesty Dealers Pvt. Ltd. and M/s. Seaview Agencies Pvt. Ltd. The HC also condoned a 59-day delay in filing the appeal, as satisfactory reasons were provided. Consequently, the appeal and the stay application were dismissed, as no substantial question of law was found for consideration. Case-Laws Income Tax Mon, 11 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451234