Assessees must prove creditworthiness, genuineness, and identity in share capital transactions u/s 68 for validation. https://www.taxtmi.com/highlights?id=24540 Additions u/s 68 - in case of share capital, the creditworthiness along with genuineness of transaction, identity of person is also required to be proved by the assessee. - AT en-us Thu, 03 Sep 2015 12:43:21 +0530 Thu, 03 Sep 2015 12:43:21 +0530 TaxTMI RSS Generator Assessees must prove creditworthiness, genuineness, and identity in share capital transactions u/s 68 for validation. https://www.taxtmi.com/highlights?id=24540 Additions u/s 68 - in case of share capital, the creditworthiness along with genuineness of transaction, identity of person is also required to be proved by the assessee. - AT Highlights Income Tax Thu, 03 Sep 2015 12:43:21 +0530 https://www.taxtmi.com/highlights?id=24540