Court Rules: u/s 68, Shareholders Must Explain Fund Sources Once Their Identity is Disclosed by Company. https://www.taxtmi.com/highlights?id=17950 Addition made u/s 68 - once the identity and other relevant particulars of shareholders are disclosed, it is for those shareholders to explain the source of their funds and not for the assessee company to show wherefrom these shareholders obtained funds - HC en-us Sat, 29 Mar 2014 12:18:32 +0530 Sat, 29 Mar 2014 12:18:32 +0530 TaxTMI RSS Generator Court Rules: u/s 68, Shareholders Must Explain Fund Sources Once Their Identity is Disclosed by Company. https://www.taxtmi.com/highlights?id=17950 Addition made u/s 68 - once the identity and other relevant particulars of shareholders are disclosed, it is for those shareholders to explain the source of their funds and not for the assessee company to show wherefrom these shareholders obtained funds - HC Highlights Income Tax Sat, 29 Mar 2014 12:18:32 +0530 https://www.taxtmi.com/highlights?id=17950