https://www.taxtmi.com/highlights?id=44926 Addition u/s 68 - If assessee had discharged its onus to prove the identity, creditworthiness and genuineness of the share applicants by placing PAN details, bank account statements, audited financial statements and Income Tax acknowledgments then the onus shifted to AO to disprove the materials placed before him. Without doing so, the addition made by the AO will not sustain. en-us Wed, 06 Mar 2019 06:21:41 +0530 Wed, 06 Mar 2019 06:21:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=44926 Addition u/s 68 - If assessee had discharged its onus to prove the identity, creditworthiness and genuineness of the share applicants by placing PAN details, bank account statements, audited financial statements and Income Tax acknowledgments then the onus shifted to AO to disprove the materials placed before him. Without doing so, the addition made by the AO will not sustain. Highlights Income Tax Wed, 06 Mar 2019 06:21:41 +0530 https://www.taxtmi.com/highlights?id=44926