https://www.taxtmi.com/highlights?id=58315 Addition in respect of the Share Capital and Share Premium as unexplained cash credit u/s. 68 - the assessee could able to substantiate its case and satisfy three ingredients being identity, creditworthiness and genuineness of the transactions. The Hon’ble Tribunal has dealt elaborately on the net worth of these companies and percentage of the investments are comparatively lower than total net worth of the investor companies. - following the judicial precedence, additions deleted - AT en-us Thu, 10 Jun 2021 15:19:47 +0530 Thu, 10 Jun 2021 15:19:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58315 Addition in respect of the Share Capital and Share Premium as unexplained cash credit u/s. 68 - the assessee could able to substantiate its case and satisfy three ingredients being identity, creditworthiness and genuineness of the transactions. The Hon’ble Tribunal has dealt elaborately on the net worth of these companies and percentage of the investments are comparatively lower than total net worth of the investor companies. - following the judicial precedence, additions deleted - AT Highlights Income Tax Thu, 10 Jun 2021 15:19:47 +0530 https://www.taxtmi.com/highlights?id=58315