https://www.taxtmi.com/highlights?id=46327 Addition u/s 68 - assessee had discharged its onus to prove the identity, creditworthiness and genuineness of the share applicants, thereafter the onus shifted to AO to disprove the documents - In the absence of any investigation, much less gathering of evidence by the AO - addition cannot be sustained merely based on inferences drawn by circumstance en-us Tue, 07 May 2019 06:10:15 +0530 Tue, 07 May 2019 06:10:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=46327 Addition u/s 68 - assessee had discharged its onus to prove the identity, creditworthiness and genuineness of the share applicants, thereafter the onus shifted to AO to disprove the documents - In the absence of any investigation, much less gathering of evidence by the AO - addition cannot be sustained merely based on inferences drawn by circumstance Highlights Income Tax Tue, 07 May 2019 06:10:15 +0530 https://www.taxtmi.com/highlights?id=46327