Company Must Prove Shareholders' Existence for Section 68 Compliance; Assessee Successfully Demonstrated Sources of Share Application Money. https://www.taxtmi.com/highlights?id=27486 Addition u/s 68 - only obligation of the company receiving the share application money is to prove the existence of the shareholders and for which the assessee had discharged the onus of proving their existence and also the source of share application money received - AT en-us Thu, 25 Feb 2016 22:50:20 +0530 Thu, 25 Feb 2016 22:50:20 +0530 TaxTMI RSS Generator Company Must Prove Shareholders' Existence for Section 68 Compliance; Assessee Successfully Demonstrated Sources of Share Application Money. https://www.taxtmi.com/highlights?id=27486 Addition u/s 68 - only obligation of the company receiving the share application money is to prove the existence of the shareholders and for which the assessee had discharged the onus of proving their existence and also the source of share application money received - AT Highlights Income Tax Thu, 25 Feb 2016 22:50:20 +0530 https://www.taxtmi.com/highlights?id=27486