https://www.taxtmi.com/caselaws?id=463892 Section 68 treatment of share capital and share allotment depends on the assessee's production of supporting documents and the Tribunal's factual findings on the investors' creditworthiness and genuineness. The Tribunal found that the relevant paper book and records had been placed before the Assessing Officer, that the subscribing entities were active companies, and that the investments came from their own resources. It also noted that addition had already been made in the hands of the subscribing company and that, for the relevant assessment year, the assessee was not required to prove the source of source. On that basis, no substantial question of law arose and the addition was not interfered with. en-us Fri, 26 Apr 2024 00:00:00 +0530 Sat, 20 Sep 2025 15:28:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463892 Section 68 treatment of share capital and share allotment depends on the assessee's production of supporting documents and the Tribunal's factual findings on the investors' creditworthiness and genuineness. The Tribunal found that the relevant paper book and records had been placed before the Assessing Officer, that the subscribing entities were active companies, and that the investments came from their own resources. It also noted that addition had already been made in the hands of the subscribing company and that, for the relevant assessment year, the assessee was not required to prove the source of source. On that basis, no substantial question of law arose and the addition was not interfered with. Case-Laws Income Tax Fri, 26 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463892