https://www.taxtmi.com/caselaws?id=464010 ITAT, Hyderabad allowed the appeal of the assessee, deleting additions treating share application money/share capital as unexplained cash credits. The Tribunal found the Revenue failed to prove that investor companies were bogus or that funds originated from the assessee, noting enquiry reports and uncontroverted documentary evidence for investors. No modus operandi or fund-trace evidence was placed on record and AO/CIT(A) failed to link investments to the assessee or its MD. As assessee discharged its onus, additions were held unsustainable and deleted. en-us Thu, 05 Jul 2018 00:00:00 +0530 Fri, 26 Sep 2025 20:09:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464010 ITAT, Hyderabad allowed the appeal of the assessee, deleting additions treating share application money/share capital as unexplained cash credits. The Tribunal found the Revenue failed to prove that investor companies were bogus or that funds originated from the assessee, noting enquiry reports and uncontroverted documentary evidence for investors. No modus operandi or fund-trace evidence was placed on record and AO/CIT(A) failed to link investments to the assessee or its MD. As assessee discharged its onus, additions were held unsustainable and deleted. Case-Laws Income Tax Thu, 05 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464010