https://www.taxtmi.com/caselaws?id=772208 The SC/ITAT upheld the addition of Rs. 14,84,52,240 as unexplained share capital under section 68 of the Income Tax Act. The appellant-company failed to provide evidence proving the source of share capital from 413 persons, despite multiple notices. Given the ongoing liquidation proceedings and absence of representation, the Tribunal disposed of the appeal ex-parte, affirming the Assessing Officer's original order. en-us Tue, 03 Jun 2025 00:00:00 +0530 Thu, 05 Jun 2025 08:25:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772208 The SC/ITAT upheld the addition of Rs. 14,84,52,240 as unexplained share capital under section 68 of the Income Tax Act. The appellant-company failed to provide evidence proving the source of share capital from 413 persons, despite multiple notices. Given the ongoing liquidation proceedings and absence of representation, the Tribunal disposed of the appeal ex-parte, affirming the Assessing Officer's original order. Case-Laws Income Tax Tue, 03 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772208