https://www.taxtmi.com/highlights?id=80313 Unexplained share capital and premium received by assessee company was its own unaccounted money flowing back in form of premium on share allotment. Assessee filed details of identity and creditworthiness of share allottees, appointed as directors. Provisions of Section 68 not invoked considering facts. Enrich Agro case held addition u/s 68 unjustified where documents establishing investor's identity, creditworthiness, and genuineness of transaction furnished. Kunjal Synergies case deleted addition u/s 68 where evidences proving identity and creditworthiness of share subscribers filed. en-us Sat, 10 Aug 2024 09:04:45 +0530 Sat, 10 Aug 2024 09:04:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=80313 Unexplained share capital and premium received by assessee company was its own unaccounted money flowing back in form of premium on share allotment. Assessee filed details of identity and creditworthiness of share allottees, appointed as directors. Provisions of Section 68 not invoked considering facts. Enrich Agro case held addition u/s 68 unjustified where documents establishing investor's identity, creditworthiness, and genuineness of transaction furnished. Kunjal Synergies case deleted addition u/s 68 where evidences proving identity and creditworthiness of share subscribers filed. Highlights Income Tax Sat, 10 Aug 2024 09:04:45 +0530 https://www.taxtmi.com/highlights?id=80313