https://www.taxtmi.com/caselaws?id=365395 Assessment under section 153A concerning alleged unaccounted money and transfer as share capital examined the genuineness and creditworthiness of investor entities; the appellate authorities found that the assessee discharged the onus of proof on identity, creditworthiness and genuineness, and that additions under unexplained credits were made without reasonable basis, resulting in deletion of additions. The tribunal and first appellate authority analyzed transactions creditor-wise and applied the test of identity and creditworthiness; a court will interfere with factual findings only on perversity, and no substantial question of law arose, decision adverse to revenue. en-us Tue, 07 Aug 2018 00:00:00 +0530 Tue, 27 Jan 2026 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365395 Assessment under section 153A concerning alleged unaccounted money and transfer as share capital examined the genuineness and creditworthiness of investor entities; the appellate authorities found that the assessee discharged the onus of proof on identity, creditworthiness and genuineness, and that additions under unexplained credits were made without reasonable basis, resulting in deletion of additions. The tribunal and first appellate authority analyzed transactions creditor-wise and applied the test of identity and creditworthiness; a court will interfere with factual findings only on perversity, and no substantial question of law arose, decision adverse to revenue. Case-Laws Income Tax Tue, 07 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365395