https://www.taxtmi.com/caselaws?id=444321 ITAT, Delhi (AT) allowed the appeal and decided for the assessee. Additions under s.68 for share capital/share premium were deleted as the assessee discharged the primary burden by proving identity, genuineness and creditworthiness via bank records, and the AO failed to discharge the secondary onus of disproving those documents. Protective addition under s.56(2)(viib) and enhancement under s.251(1) were set aside because the share valuation complied with Rule 11UA and could not be rejected where it was prepared by the prescribed expert using an authorized method. en-us Tue, 20 Jun 2023 00:00:00 +0530 Tue, 30 Sep 2025 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444321 ITAT, Delhi (AT) allowed the appeal and decided for the assessee. Additions under s.68 for share capital/share premium were deleted as the assessee discharged the primary burden by proving identity, genuineness and creditworthiness via bank records, and the AO failed to discharge the secondary onus of disproving those documents. Protective addition under s.56(2)(viib) and enhancement under s.251(1) were set aside because the share valuation complied with Rule 11UA and could not be rejected where it was prepared by the prescribed expert using an authorized method. Case-Laws Income Tax Tue, 20 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444321