https://www.taxtmi.com/caselaws?id=203540 HC held that where a company furnishes share subscription details and shareholders' identities/addresses are undisputed, the company (assessee) is not obliged to prove the creditworthiness of those shareholders for cash credits. The onus lies on the tax department/Assessing Officer to investigate and establish whether the investors had the capacity to make the investments. The appeal was allowed in favor of the assessee. en-us Tue, 02 Mar 2010 00:00:00 +0530 Mon, 17 Nov 2025 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203540 HC held that where a company furnishes share subscription details and shareholders' identities/addresses are undisputed, the company (assessee) is not obliged to prove the creditworthiness of those shareholders for cash credits. The onus lies on the tax department/Assessing Officer to investigate and establish whether the investors had the capacity to make the investments. The appeal was allowed in favor of the assessee. Case-Laws Income Tax Tue, 02 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203540