https://www.taxtmi.com/caselaws?id=774690 ITAT Mumbai set aside CIT(A)'s order deleting addition of unexplained share application money under section 56(2)(viib). The assessee received share capital and security premium without issuing shares in exchange. CIT(A) deleted the addition without recording proper reasons or considering details not available to AO, and failed to seek AO's report on new information. ITAT restored the matter to CIT(A) for fresh adjudication with reasoned order. Revenue's appeal allowed for statistical purposes. en-us Thu, 10 Jul 2025 00:00:00 +0530 Sat, 12 Jul 2025 08:40:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774690 ITAT Mumbai set aside CIT(A)'s order deleting addition of unexplained share application money under section 56(2)(viib). The assessee received share capital and security premium without issuing shares in exchange. CIT(A) deleted the addition without recording proper reasons or considering details not available to AO, and failed to seek AO's report on new information. ITAT restored the matter to CIT(A) for fresh adjudication with reasoned order. Revenue's appeal allowed for statistical purposes. Case-Laws Income Tax Thu, 10 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774690