https://www.taxtmi.com/caselaws?id=466106 Addition of alleged bogus share capital and share premium was contested on the question whether shareholders identity, creditworthiness and transaction genuineness were established; the tribunal examined these three factors and affirmed the appellate factual findings. Documentary evidence including income tax filings of applicants, share application forms, allotment letters, account-payee cheques, bank account details and bank statements demonstrated no cash deposits and showed substantial capital and reserves, supporting genuineness of the share subscription; consequently the addition was set aside by ITAT and there are no substantial questions of law arising. en-us Thu, 17 Jul 2025 00:00:00 +0530 Fri, 23 Jan 2026 17:24:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466106 Addition of alleged bogus share capital and share premium was contested on the question whether shareholders identity, creditworthiness and transaction genuineness were established; the tribunal examined these three factors and affirmed the appellate factual findings. Documentary evidence including income tax filings of applicants, share application forms, allotment letters, account-payee cheques, bank account details and bank statements demonstrated no cash deposits and showed substantial capital and reserves, supporting genuineness of the share subscription; consequently the addition was set aside by ITAT and there are no substantial questions of law arising. Case-Laws Income Tax Thu, 17 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466106