Unexplained share capital leads to addition u/s 68; identity proven but genuineness and creditworthiness not demonstrated. https://www.taxtmi.com/highlights?id=31590 Unexplained share capital and premium received - addition u/s 68 - As assessee has been able to just prove the identity of the company but unable to prove the genuineness & creditworthiness the parties, additions confirmed - AT en-us Thu, 06 Oct 2016 12:28:55 +0530 Thu, 06 Oct 2016 12:28:55 +0530 TaxTMI RSS Generator Unexplained share capital leads to addition u/s 68; identity proven but genuineness and creditworthiness not demonstrated. https://www.taxtmi.com/highlights?id=31590 Unexplained share capital and premium received - addition u/s 68 - As assessee has been able to just prove the identity of the company but unable to prove the genuineness & creditworthiness the parties, additions confirmed - AT Highlights Income Tax Thu, 06 Oct 2016 12:28:55 +0530 https://www.taxtmi.com/highlights?id=31590