https://www.taxtmi.com/caselaws?id=9607 HC held that where credit entries arise from share capital, the ITO may inquire into existence of alleged subscribers and genuineness of transactions under s.68. The assessee had furnished names, bank accounts, PANs and cheques for amounts received, and the Tribunal found this sufficient to discharge the s.68 onus. Absent any perversity or irrationality in the Tribunal's findings on genuineness, HC found no substantial question of law deserving interference and dismissed the challenge. en-us Mon, 23 Jan 2006 00:00:00 +0530 Fri, 19 Sep 2025 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9607 HC held that where credit entries arise from share capital, the ITO may inquire into existence of alleged subscribers and genuineness of transactions under s.68. The assessee had furnished names, bank accounts, PANs and cheques for amounts received, and the Tribunal found this sufficient to discharge the s.68 onus. Absent any perversity or irrationality in the Tribunal's findings on genuineness, HC found no substantial question of law deserving interference and dismissed the challenge. Case-Laws Income Tax Mon, 23 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9607