https://www.taxtmi.com/caselaws?id=774756 ITAT Delhi upheld CIT(A)'s deletion of additions u/s 68 regarding share capital and share premium, finding that assessee demonstrated amounts were credited in preceding years through journal entries from existing balances, with no fresh funds received during the appeal year. However, ITAT partially allowed revenue's appeal concerning advances received, ruling that CIT(A) should have obtained remand report before accepting additional evidences regarding identity, creditworthiness and genuineness of transactions from nine companies, as these details were not available before AO and no proper application for additional evidence was filed. en-us Wed, 09 Jul 2025 00:00:00 +0530 Sat, 12 Jul 2025 11:54:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774756 ITAT Delhi upheld CIT(A)'s deletion of additions u/s 68 regarding share capital and share premium, finding that assessee demonstrated amounts were credited in preceding years through journal entries from existing balances, with no fresh funds received during the appeal year. However, ITAT partially allowed revenue's appeal concerning advances received, ruling that CIT(A) should have obtained remand report before accepting additional evidences regarding identity, creditworthiness and genuineness of transactions from nine companies, as these details were not available before AO and no proper application for additional evidence was filed. Case-Laws Income Tax Wed, 09 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774756