https://www.taxtmi.com/caselaws?id=773789 ITAT Delhi remanded the case back to CIT(A) for fresh adjudication regarding addition under section 68 for share capital and share premium treated as accommodation entries. The AO had added the amount claiming assessee paid 1.8% commission for arranging bogus share capital entries. However, ITAT found that neither the AO nor CIT(A) properly examined the source of funds in group companies to establish genuineness of receipts. Since factual findings were inadequate and the source of money transfers between companies remained unverified, ITAT set aside the appellate order without expressing opinion on merits to prevent miscarriage of justice. Appeal allowed for statistical purposes. en-us Thu, 12 Dec 2024 00:00:00 +0530 Sat, 28 Jun 2025 08:31:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773789 ITAT Delhi remanded the case back to CIT(A) for fresh adjudication regarding addition under section 68 for share capital and share premium treated as accommodation entries. The AO had added the amount claiming assessee paid 1.8% commission for arranging bogus share capital entries. However, ITAT found that neither the AO nor CIT(A) properly examined the source of funds in group companies to establish genuineness of receipts. Since factual findings were inadequate and the source of money transfers between companies remained unverified, ITAT set aside the appellate order without expressing opinion on merits to prevent miscarriage of justice. Appeal allowed for statistical purposes. Case-Laws Income Tax Thu, 12 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773789