https://www.taxtmi.com/caselaws?id=779397 ITAT held that addition under section 68 for share capital/premium raised from sister concerns was rightly deleted by the CIT(A) because the assessee satisfactorily proved the identity, creditworthiness and genuineness of the transactions with supporting evidence. The AO's remand report did not specifically dispute identity or genuineness, only questioned creditworthiness without adverse findings. Having examined the filings, the Tribunal found the assessee discharged its onus and dismissed the Revenue's appeal. en-us Tue, 21 Jan 2025 00:00:00 +0530 Mon, 06 Oct 2025 09:10:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779397 ITAT held that addition under section 68 for share capital/premium raised from sister concerns was rightly deleted by the CIT(A) because the assessee satisfactorily proved the identity, creditworthiness and genuineness of the transactions with supporting evidence. The AO's remand report did not specifically dispute identity or genuineness, only questioned creditworthiness without adverse findings. Having examined the filings, the Tribunal found the assessee discharged its onus and dismissed the Revenue's appeal. Case-Laws Income Tax Tue, 21 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779397