https://www.taxtmi.com/caselaws?id=461791 The Tribunal's deletion of the addition under Section 68 for share capital and share premium was upheld because the factual record showed that the assessee had furnished the required details and the earlier assessment had already examined bank statements, investments, fresh share capital, income from other sources, books of account, and loans and advances. The later assessing officer was found to have acted on surmises and conjectures, without adverse material to dislodge the earlier findings or follow the direction issued under Section 263. On that basis, no substantial question of law was held to arise in the revenue's appeal. en-us Wed, 21 Jun 2023 00:00:00 +0530 Tue, 29 Apr 2025 10:16:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461791 The Tribunal's deletion of the addition under Section 68 for share capital and share premium was upheld because the factual record showed that the assessee had furnished the required details and the earlier assessment had already examined bank statements, investments, fresh share capital, income from other sources, books of account, and loans and advances. The later assessing officer was found to have acted on surmises and conjectures, without adverse material to dislodge the earlier findings or follow the direction issued under Section 263. On that basis, no substantial question of law was held to arise in the revenue's appeal. Case-Laws Income Tax Wed, 21 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461791