https://www.taxtmi.com/caselaws?id=240204 The dispute concerns additions under Section 68 for share application money; the court holds the assessee bears the onus to prove identity, creditworthiness and genuineness of investors because those facts lie within the assessee's knowledge. Mere incorporation documents, PANs or payment through banking channels do not automatically discharge the onus where surrounding facts suggest a sham; deeper scrutiny of source, nature of relationship, documentary protection for investment and investor conduct is required. Evasive conduct by the assessee and absence of agreements or production of persons behind subscribing companies weighed against them. The tribunal's deletions were set aside and the appeals allowed in favour of revenue. en-us Fri, 22 Nov 2013 00:00:00 +0530 Mon, 02 Feb 2026 14:46:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240204 The dispute concerns additions under Section 68 for share application money; the court holds the assessee bears the onus to prove identity, creditworthiness and genuineness of investors because those facts lie within the assessee's knowledge. Mere incorporation documents, PANs or payment through banking channels do not automatically discharge the onus where surrounding facts suggest a sham; deeper scrutiny of source, nature of relationship, documentary protection for investment and investor conduct is required. Evasive conduct by the assessee and absence of agreements or production of persons behind subscribing companies weighed against them. The tribunal's deletions were set aside and the appeals allowed in favour of revenue. Case-Laws Income Tax Fri, 22 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240204