https://www.taxtmi.com/caselaws?id=772457 ITAT Surat set aside CIT(A)'s order regarding addition under Section 68 for bogus share capital and share premium. The assessee claimed foreign remittances from a Dubai-based investor but failed to raise this contention before AO during assessment proceedings, only presenting it before CIT(A) with additional evidence. CIT(A) accepted the evidence without calling for remand report from AO or providing reasons for acceptance. ITAT restored the matter to AO for verification of assessee's claim regarding foreign remittances and non-resident status of investor during relevant period. Appeal allowed for statistical purposes. en-us Thu, 05 Jun 2025 00:00:00 +0530 Mon, 09 Jun 2025 07:29:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772457 ITAT Surat set aside CIT(A)'s order regarding addition under Section 68 for bogus share capital and share premium. The assessee claimed foreign remittances from a Dubai-based investor but failed to raise this contention before AO during assessment proceedings, only presenting it before CIT(A) with additional evidence. CIT(A) accepted the evidence without calling for remand report from AO or providing reasons for acceptance. ITAT restored the matter to AO for verification of assessee's claim regarding foreign remittances and non-resident status of investor during relevant period. Appeal allowed for statistical purposes. Case-Laws Income Tax Thu, 05 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772457