https://www.taxtmi.com/caselaws?id=779094 ITAT Delhi (AT) held that the share-capital contributions were genuine and deleted the AO's addition under section 68, including the 2% commission, noting the assessee produced requisite documents, shareholders' returns and balance sheets showing adequate funds; low bank balances or absence of dividends did not undermine genuineness and the assessee could not be compelled to produce directors. The tribunal remitted the issue of set-off of intraday losses under amended section 43(5) to the AO for fresh verification and adjudication in accordance with law. Grounds raised by the assessee were allowed. en-us Wed, 24 Sep 2025 00:00:00 +0530 Sat, 27 Sep 2025 08:34:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779094 ITAT Delhi (AT) held that the share-capital contributions were genuine and deleted the AO's addition under section 68, including the 2% commission, noting the assessee produced requisite documents, shareholders' returns and balance sheets showing adequate funds; low bank balances or absence of dividends did not undermine genuineness and the assessee could not be compelled to produce directors. The tribunal remitted the issue of set-off of intraday losses under amended section 43(5) to the AO for fresh verification and adjudication in accordance with law. Grounds raised by the assessee were allowed. Case-Laws Income Tax Wed, 24 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779094