https://www.taxtmi.com/caselaws?id=466114 Tribunal applied precedent that where an assessee furnishes particulars of alleged investors and proves identity, genuineness and creditworthiness, and where those investors are regularly assessed with audited financials, mere failure of revenue to further investigate does not warrant additions under the tax provision governing unexplained cash credits. The Tribunal found the assessee discharged its evidentiary burden for investments in share capital and share premium for 18 applicants, and accordingly deleted additions; no substantial question of law was found for reconsideration on the facts. en-us Wed, 03 Sep 2025 00:00:00 +0530 Fri, 23 Jan 2026 17:22:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466114 Tribunal applied precedent that where an assessee furnishes particulars of alleged investors and proves identity, genuineness and creditworthiness, and where those investors are regularly assessed with audited financials, mere failure of revenue to further investigate does not warrant additions under the tax provision governing unexplained cash credits. The Tribunal found the assessee discharged its evidentiary burden for investments in share capital and share premium for 18 applicants, and accordingly deleted additions; no substantial question of law was found for reconsideration on the facts. Case-Laws Income Tax Wed, 03 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466114