https://www.taxtmi.com/caselaws?id=785064 Unexplained cash credit challenges to share subscription receipts are addressed by examining evidence of identity, genuineness and source of funds; where subscribers produced ITRs, bank statements, audited financials and attended summons, the burden of proof requirement was satisfied and additions were unwarranted. The claim that share premium was unexplained was rebutted by director's statutory statement. The amendment creating a proviso limiting unexplained cash credit treatment is prospective and did not apply to the assessment year in issue, so the addition was denied. en-us Mon, 12 Jan 2026 00:00:00 +0530 Fri, 16 Jan 2026 08:03:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785064 Unexplained cash credit challenges to share subscription receipts are addressed by examining evidence of identity, genuineness and source of funds; where subscribers produced ITRs, bank statements, audited financials and attended summons, the burden of proof requirement was satisfied and additions were unwarranted. The claim that share premium was unexplained was rebutted by director's statutory statement. The amendment creating a proviso limiting unexplained cash credit treatment is prospective and did not apply to the assessment year in issue, so the addition was denied. Case-Laws Income Tax Mon, 12 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785064