https://www.taxtmi.com/highlights?id=56408 Addition u/s 68 - CIT(A) accepts that these companies actually exist and have capacity to make investments in assessee company as it was proved in the case of the investigation at Ahmedabad and Baroda. The CIT(A) also observed that the assessee has discharged his onus of burden of proof in respect of identity of investor, creditworthiness and genuineness of the transaction. - No additions - AT en-us Wed, 20 Jan 2021 14:12:01 +0530 Wed, 20 Jan 2021 14:12:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56408 Addition u/s 68 - CIT(A) accepts that these companies actually exist and have capacity to make investments in assessee company as it was proved in the case of the investigation at Ahmedabad and Baroda. The CIT(A) also observed that the assessee has discharged his onus of burden of proof in respect of identity of investor, creditworthiness and genuineness of the transaction. - No additions - AT Highlights Income Tax Wed, 20 Jan 2021 14:12:01 +0530 https://www.taxtmi.com/highlights?id=56408