https://www.taxtmi.com/highlights?id=59644 Addition u/s 68 - share application money/share capital and share premium as unexplained - The onus was on revenue to dislodge assessee’s documentary evidences and rebut the same by bringing on record any cogent material to demonstrate that assessee’s own money flew back in the shape of share application / share premium - nothing of that sort has been brought on record by Ld. AO. It is trite law that no additions could be made merely on the basis of suspicion, conjectures or surmises - AT en-us Sat, 11 Sep 2021 09:56:15 +0530 Sat, 11 Sep 2021 09:56:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59644 Addition u/s 68 - share application money/share capital and share premium as unexplained - The onus was on revenue to dislodge assessee’s documentary evidences and rebut the same by bringing on record any cogent material to demonstrate that assessee’s own money flew back in the shape of share application / share premium - nothing of that sort has been brought on record by Ld. AO. It is trite law that no additions could be made merely on the basis of suspicion, conjectures or surmises - AT Highlights Income Tax Sat, 11 Sep 2021 09:56:15 +0530 https://www.taxtmi.com/highlights?id=59644