https://www.taxtmi.com/caselaws?id=327558 The Tribunal upheld the addition of Rs. 18,02,000/- to the assessee's income as unexplained cash credit under section 68 of the Income Tax Act. Despite multiple opportunities, the assessee failed to provide satisfactory evidence regarding the share capital raised. The Tribunal found discrepancies in the documents submitted for share applicants and concluded that the identity and creditworthiness of the entities were not established. As a result, the Tribunal dismissed the appeal and confirmed the addition of Rs. 18,02,000/- as unexplained cash credit. en-us Wed, 13 Apr 2016 00:00:00 +0530 Tue, 10 May 2016 22:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327558 The Tribunal upheld the addition of Rs. 18,02,000/- to the assessee's income as unexplained cash credit under section 68 of the Income Tax Act. Despite multiple opportunities, the assessee failed to provide satisfactory evidence regarding the share capital raised. The Tribunal found discrepancies in the documents submitted for share applicants and concluded that the identity and creditworthiness of the entities were not established. As a result, the Tribunal dismissed the appeal and confirmed the addition of Rs. 18,02,000/- as unexplained cash credit. Case-Laws Income Tax Wed, 13 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327558