https://www.taxtmi.com/caselaws?id=312280 The HC upheld the ITAT's deletion of additions under s.68 relating to share capital and premium, finding that the assessing officer had evidence verifying identity, genuineness and creditworthiness of subscribers obtained under s.133(6). The HC held that the director's non-appearance under s.131 cannot alone justify an addition to the assessee's income when documentary and enquiry evidence corroborates the transactions. The court found no substantial question of law arising from the appeal. en-us Wed, 28 Jun 2023 00:00:00 +0530 Sat, 01 Nov 2025 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312280 The HC upheld the ITAT's deletion of additions under s.68 relating to share capital and premium, finding that the assessing officer had evidence verifying identity, genuineness and creditworthiness of subscribers obtained under s.133(6). The HC held that the director's non-appearance under s.131 cannot alone justify an addition to the assessee's income when documentary and enquiry evidence corroborates the transactions. The court found no substantial question of law arising from the appeal. Case-Laws Income Tax Wed, 28 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312280