https://www.taxtmi.com/highlights?id=66515 Unexplained share capital and share premium - Not only the assessee has proved the identity and creditworthiness of the investors and genuineness of the transactions by furnishing all the evidences which unequivocally proved all these three ingredients of Section 68 of the Act. Besides the issue of shares at a high premium is a management decision taken by the Board and there is no bar in the instant assessment year to issue shares at a high premium. - AT en-us Sat, 12 Nov 2022 13:34:45 +0530 Sat, 12 Nov 2022 13:34:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66515 Unexplained share capital and share premium - Not only the assessee has proved the identity and creditworthiness of the investors and genuineness of the transactions by furnishing all the evidences which unequivocally proved all these three ingredients of Section 68 of the Act. Besides the issue of shares at a high premium is a management decision taken by the Board and there is no bar in the instant assessment year to issue shares at a high premium. - AT Highlights Income Tax Sat, 12 Nov 2022 13:34:45 +0530 https://www.taxtmi.com/highlights?id=66515