https://www.taxtmi.com/caselaws?id=753655 ITAT Delhi ruled in favor of the assessee regarding additions under section 68 for share capital/premium received from three entities. The tribunal found that the assessee successfully discharged its burden under section 68, as the source companies had undergone thorough scrutiny in their respective assessments under sections 143(3)/147. Two investor companies' financial statements were accepted after scrutiny, while the third company's investment was deemed legitimate from available funds despite additions in its assessment. The protective addition was deleted. en-us Tue, 16 Jan 2024 00:00:00 +0530 Fri, 07 Jun 2024 08:13:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753655 ITAT Delhi ruled in favor of the assessee regarding additions under section 68 for share capital/premium received from three entities. The tribunal found that the assessee successfully discharged its burden under section 68, as the source companies had undergone thorough scrutiny in their respective assessments under sections 143(3)/147. Two investor companies' financial statements were accepted after scrutiny, while the third company's investment was deemed legitimate from available funds despite additions in its assessment. The protective addition was deleted. Case-Laws Income Tax Tue, 16 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753655