https://www.taxtmi.com/highlights?id=77428 Addition u/s 68 - burden of proof - share application money - The High Court, upon reviewing the submissions and evidence, concurred with the ITAT's findings. It emphasized that the Assessee had met the burden of proof required under Section 68, differentiating the case from previous judgments like CIT vs. Sadiq Shaikh. The High Court upheld the ITAT's decision, concluding that the Assessee had satisfactorily demonstrated the nature of the transaction with sufficient documentary evidence. en-us Tue, 14 May 2024 06:54:38 +0530 Tue, 14 May 2024 06:54:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=77428 Addition u/s 68 - burden of proof - share application money - The High Court, upon reviewing the submissions and evidence, concurred with the ITAT's findings. It emphasized that the Assessee had met the burden of proof required under Section 68, differentiating the case from previous judgments like CIT vs. Sadiq Shaikh. The High Court upheld the ITAT's decision, concluding that the Assessee had satisfactorily demonstrated the nature of the transaction with sufficient documentary evidence. Highlights Income Tax Tue, 14 May 2024 06:54:38 +0530 https://www.taxtmi.com/highlights?id=77428