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of ITAT allowed appeal against addition made under Section 68 for alleged bogus share capital. Three share subscribers - Aakansha Advisory Services Pvt Ltd, Sunirmiti Mercantile Pvt Ltd and Arihant Enterprises Ltd - demonstrated adequate creditworthiness through their balance sheets and financial statements for FY 2016-17. The Tribunal held that assessee successfully discharged onus by establishing identity, creditworthiness and genuineness of transactions. CIT(A)'s dismissal solely on grounds of FY 2015-16 statements being furnished instead of FY 2016-17 was incorrect. Non-compliance with notices under Section 133(6) alone cannot justify addition when substantive evidence of creditworthiness exists. Addition deleted.
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