https://www.taxtmi.com/highlights?id=96333 Dispute concerned additions to income under section 68 and section 56(2)(viib) alleging unexplained large share capital and excessive premium. Tribunal found that notices to lenders were duly issued and acknowledged and that lenders filed confirmations, so the file contained materials establishing the genuineness, identity and creditworthiness of creditors; this factual appreciation led to dismissal of the revenue's appeal. Non-appearance of directors under summons was noted but did not negate the documentary evidence confirming transactions. en-us Sat, 24 Jan 2026 13:47:15 +0530 Sat, 24 Jan 2026 13:47:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=96333 Dispute concerned additions to income under section 68 and section 56(2)(viib) alleging unexplained large share capital and excessive premium. Tribunal found that notices to lenders were duly issued and acknowledged and that lenders filed confirmations, so the file contained materials establishing the genuineness, identity and creditworthiness of creditors; this factual appreciation led to dismissal of the revenue's appeal. Non-appearance of directors under summons was noted but did not negate the documentary evidence confirming transactions. Highlights Income Tax Sat, 24 Jan 2026 13:47:15 +0530 https://www.taxtmi.com/highlights?id=96333