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2023 (9) TMI 538 - AT - Income TaxAddition on account of share capital/ share premium being unexplained u/s 68 - identity, creditworthiness of investors and genuineness of the transactions - HELD THAT:- In the instant case before us also, the assessee has furnished all the evidences proving identity and creditworthiness of the investors and genuineness of the transactions but AO has not commented on these evidences filed by the assessee. Besides all the investors have also furnished complete details/evidences before the AO which proved the identity, creditworthiness of investors and genuineness of the transactions. Thus we are inclined to set aside the order of Ld. CIT(A) and direct the AO to delete the addition by allowing the appeal of the assessee.
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