https://www.taxtmi.com/highlights?id=63770 Addition u/s 68 - unexplained credit - Onus to prove - share capital introduced - the assessee failed to explain the sources of investment of cash of Rs. 10 lacs each by the 2 persons, in the share capital of the assessee company during the year under consideration, as credit worthiness of these persons could not be proved keeping in view the material on record including income declared in the return of income filed by these persons - Additions confirmed - AT en-us Mon, 30 May 2022 08:46:11 +0530 Mon, 30 May 2022 08:46:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63770 Addition u/s 68 - unexplained credit - Onus to prove - share capital introduced - the assessee failed to explain the sources of investment of cash of Rs. 10 lacs each by the 2 persons, in the share capital of the assessee company during the year under consideration, as credit worthiness of these persons could not be proved keeping in view the material on record including income declared in the return of income filed by these persons - Additions confirmed - AT Highlights Income Tax Mon, 30 May 2022 08:46:11 +0530 https://www.taxtmi.com/highlights?id=63770