https://www.taxtmi.com/caselaws?id=785523 Addition under section 68 and section 56(2)(viib) concerned large share capital with very high premium and alleged unexplained credits; Tribunal accepted documentary confirmations from lenders obtained by the Assessing Officer and placed on record, treating those documents as establishing genuineness, identity and creditworthiness of creditors, and accordingly found no basis for tax additions. The factual appreciation of lender acknowledgements and documentary evidence led to dismissal of the revenues appeal on the merits of genuineness and creditworthiness. en-us Mon, 01 Dec 2025 00:00:00 +0530 Mon, 26 Jan 2026 20:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785523 Addition under section 68 and section 56(2)(viib) concerned large share capital with very high premium and alleged unexplained credits; Tribunal accepted documentary confirmations from lenders obtained by the Assessing Officer and placed on record, treating those documents as establishing genuineness, identity and creditworthiness of creditors, and accordingly found no basis for tax additions. The factual appreciation of lender acknowledgements and documentary evidence led to dismissal of the revenues appeal on the merits of genuineness and creditworthiness. Case-Laws Income Tax Mon, 01 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785523