2026 (8) TMI 1041

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....sham Thakkar for learned advocate Ms. Vaibhavi Parikh for the respondent. 2. Learned Senior Advocate Mr. Tushar Hemani has tendered the Paper-books. The same are taken on record. 3. This Appeal is filed under section 260A of the Income Tax Act, 1961 [for short 'the Act'] arising out of the order dated 23.10.2024 passed by the Income Tax Appellate Tribunal [for short 'the Tribunal'] in ITA No. 145/Ahd/2024 for A.Y. 2018-19 proposing the following substantial questions of law: I. Whether on the facts and circumstances of the case and in law, the ITAT erred in deleting the addition of Rs. 3,77,39,430/- made by AO on account of substantial increase in Share Capital treated as unexplained cash credit u/s. 68 of the IT Act which wa....

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.... requisite details regarding the increase in the share capital and repyament of unsecured loans and therefore, made an addition of Rs. 3,77,39,430/- under section 68 of the Act. 6. Being aggrieved, the assessee preferred an appeal before the CIT(A), who dismissed the appeal. The assessee thereafter, preferred Appeal before the Tribunal. 7. The Tribunal, after considering the fact that the scrutiny assessment was also initiated in case of four parties who had made investments in the assessee-company and no addition was made in the case of four parties after verifying the source of investments in the share capital allowed the appeal of the assessee. 8. The Assessing Officer, in case of four parties who made investments, accepted the ....