https://www.taxtmi.com/caselaws?id=772184 ITAT Chandigarh dismissed two tax appeals challenging CIT's orders under Section 263 of Income Tax Act. The tribunal upheld the CIT's decision to set aside assessment orders for AYs 2012-13 and 2014-15 due to inadequate investigation of share application money and premium. The assessee failed to provide evidence supporting the genuineness of capital inflows, and the tribunal found no procedural error in the CIT's action. en-us Mon, 07 Apr 2025 00:00:00 +0530 Thu, 05 Jun 2025 08:25:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772184 ITAT Chandigarh dismissed two tax appeals challenging CIT's orders under Section 263 of Income Tax Act. The tribunal upheld the CIT's decision to set aside assessment orders for AYs 2012-13 and 2014-15 due to inadequate investigation of share application money and premium. The assessee failed to provide evidence supporting the genuineness of capital inflows, and the tribunal found no procedural error in the CIT's action. Case-Laws Income Tax Mon, 07 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772184