https://www.taxtmi.com/caselaws?id=466213 Addition under section 68 challenged concerning alleged bogus share application money including premium; central legal point is the assessees onus to prove identity and creditworthiness of share applicants and genuineness of share transactions. Relying on an earlier ratio, the text records that the assessee produced complete documentary evidence satisfying the evidentiary burden, resulting in deletion of the addition. The practical effect emphasises that where adequate documentary proof establishes applicant identity, creditworthiness and transactional genuineness, additions under the impugned tax provision may not be sustained. en-us Mon, 16 Oct 2023 00:00:00 +0530 Thu, 29 Jan 2026 16:37:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466213 Addition under section 68 challenged concerning alleged bogus share application money including premium; central legal point is the assessees onus to prove identity and creditworthiness of share applicants and genuineness of share transactions. Relying on an earlier ratio, the text records that the assessee produced complete documentary evidence satisfying the evidentiary burden, resulting in deletion of the addition. The practical effect emphasises that where adequate documentary proof establishes applicant identity, creditworthiness and transactional genuineness, additions under the impugned tax provision may not be sustained. Case-Laws Income Tax Mon, 16 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466213