https://www.taxtmi.com/caselaws?id=771112 ITAT Delhi upheld CIT(A)'s decision deleting addition under Section 68 for unexplained share capital. The assessee successfully furnished necessary documents proving identity, creditworthiness and genuineness of shareholders. While AO made addition citing failure to produce investors and lack of documentary evidence, CIT(A) found sufficient evidence after analysis. ITAT rejected Revenue's grounds as authorities failed to rebut CIT(A)'s findings with evidence, confirming no addition warranted under Section 68. en-us Fri, 21 Mar 2025 00:00:00 +0530 Wed, 21 May 2025 17:41:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771112 ITAT Delhi upheld CIT(A)'s decision deleting addition under Section 68 for unexplained share capital. The assessee successfully furnished necessary documents proving identity, creditworthiness and genuineness of shareholders. While AO made addition citing failure to produce investors and lack of documentary evidence, CIT(A) found sufficient evidence after analysis. ITAT rejected Revenue's grounds as authorities failed to rebut CIT(A)'s findings with evidence, confirming no addition warranted under Section 68. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771112