https://www.taxtmi.com/highlights?id=75413 Unexplained cash credit u/s 68 - share capital/share premium receipts - Despite substantial evidence provided by the appellant, including bank statements, share allotment documents, and resolutions of the board of directors, the AO failed to conduct further investigation, particularly after being informed of the change in the registered office address of the investing company. The Tribunal notes the reliance by the AO on the non-production of directors of the investing company for making the addition, without adequately considering the evidence provided by the appellant. - Additions directed to be deleted. en-us Tue, 05 Mar 2024 15:31:27 +0530 Tue, 05 Mar 2024 15:31:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75413 Unexplained cash credit u/s 68 - share capital/share premium receipts - Despite substantial evidence provided by the appellant, including bank statements, share allotment documents, and resolutions of the board of directors, the AO failed to conduct further investigation, particularly after being informed of the change in the registered office address of the investing company. The Tribunal notes the reliance by the AO on the non-production of directors of the investing company for making the addition, without adequately considering the evidence provided by the appellant. - Additions directed to be deleted. Highlights Income Tax Tue, 05 Mar 2024 15:31:27 +0530 https://www.taxtmi.com/highlights?id=75413