https://www.taxtmi.com/caselaws?id=778452 ITAT (Ahmedabad) allowed the appeal and set aside additions under section 68. The Revenue failed to produce documentary evidence that the assessee owned or transferred the shares or maintained accounts evidencing dealings in the specified shares. Because authorities could not establish the genuineness of the transactions or any material linking the assessee to the share transfers, the ITAT held that no unexplained cash credit addition was warranted in the facts and circumstances of the case. en-us Fri, 17 Jan 2025 00:00:00 +0530 Wed, 17 Sep 2025 08:31:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778452 ITAT (Ahmedabad) allowed the appeal and set aside additions under section 68. The Revenue failed to produce documentary evidence that the assessee owned or transferred the shares or maintained accounts evidencing dealings in the specified shares. Because authorities could not establish the genuineness of the transactions or any material linking the assessee to the share transfers, the ITAT held that no unexplained cash credit addition was warranted in the facts and circumstances of the case. Case-Laws Income Tax Fri, 17 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778452