https://www.taxtmi.com/caselaws?id=767703 Addition under Section 68 relating to share capital and share premium was set aside because the assessee discharged the initial burden by producing documents proving subscribers' identity, genuineness of transactions and creditworthiness. The Tribunal found the assessment order cryptic, observed factual errors in the appellate order and noted the documentary evidence was neither referred to nor its defects identified. Applying principles from higher-court authority on Section 68, the Tribunal deleted the addition and decided against the revenue on the merits of proof provided by the assessee. en-us Fri, 07 Mar 2025 00:00:00 +0530 Wed, 11 Feb 2026 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767703 Addition under Section 68 relating to share capital and share premium was set aside because the assessee discharged the initial burden by producing documents proving subscribers' identity, genuineness of transactions and creditworthiness. The Tribunal found the assessment order cryptic, observed factual errors in the appellate order and noted the documentary evidence was neither referred to nor its defects identified. Applying principles from higher-court authority on Section 68, the Tribunal deleted the addition and decided against the revenue on the merits of proof provided by the assessee. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767703