https://www.taxtmi.com/caselaws?id=258599 The SC dismissed the special leave petition challenging the Delhi HC's decision, which upheld the addition under section 68. The HC found the assessee failed to prove the identity and creditworthiness of the share subscribers and the genuineness of the subscription. The AO's reliance on bank information raised legitimate doubts about the shareholders' authenticity and transaction validity. The SC, after condoning delay, found no merit in the appeal and affirmed the HC's ruling. en-us Fri, 16 Jan 2015 00:00:00 +0530 Tue, 10 Mar 2026 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258599 The SC dismissed the special leave petition challenging the Delhi HC's decision, which upheld the addition under section 68. The HC found the assessee failed to prove the identity and creditworthiness of the share subscribers and the genuineness of the subscription. The AO's reliance on bank information raised legitimate doubts about the shareholders' authenticity and transaction validity. The SC, after condoning delay, found no merit in the appeal and affirmed the HC's ruling. Case-Laws Income Tax Fri, 16 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258599