https://www.taxtmi.com/caselaws?id=464918 Share capital and share premium credits remained unexplained where the assessee did not furnish the material needed to prove investor identity, creditworthiness and transaction genuineness, so the addition could not be deleted on the existing record. The appellate relief based on additional evidence also failed because the Assessing Officer was not given an opportunity to examine that material and no remand report was obtained, making the first appellate process procedurally infirm under Rule 46A. The matter was therefore restored for fresh adjudication after giving both sides an opportunity. en-us Mon, 24 Sep 2018 00:00:00 +0530 Sat, 22 Nov 2025 19:52:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464918 Share capital and share premium credits remained unexplained where the assessee did not furnish the material needed to prove investor identity, creditworthiness and transaction genuineness, so the addition could not be deleted on the existing record. The appellate relief based on additional evidence also failed because the Assessing Officer was not given an opportunity to examine that material and no remand report was obtained, making the first appellate process procedurally infirm under Rule 46A. The matter was therefore restored for fresh adjudication after giving both sides an opportunity. Case-Laws Income Tax Mon, 24 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464918