https://www.taxtmi.com/caselaws?id=772457 Section 68 treatment of share capital and share premium depends on verification of the source and supporting evidence. Where the assessee raised a fresh claim at the appellate stage, including a foreign remittance and non-resident plea, but did not place that material before the Assessing Officer, the record was insufficient for final determination. Because the appellate authority did not record reasons for admitting the new material or call for a remand report, the proper course was to restore the matter for verification and a fresh decision in accordance with law. The addition was not finally decided on merits. en-us Thu, 05 Jun 2025 00:00:00 +0530 Mon, 09 Jun 2025 07:29:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772457 Section 68 treatment of share capital and share premium depends on verification of the source and supporting evidence. Where the assessee raised a fresh claim at the appellate stage, including a foreign remittance and non-resident plea, but did not place that material before the Assessing Officer, the record was insufficient for final determination. Because the appellate authority did not record reasons for admitting the new material or call for a remand report, the proper course was to restore the matter for verification and a fresh decision in accordance with law. The addition was not finally decided on merits. Case-Laws Income Tax Thu, 05 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772457