https://www.taxtmi.com/caselaws?id=786125 Addition under unexplained share capital and share premium was contested on identity, creditworthiness and genuineness of subscribers. Tribunal accepted traceable investors who confirmed transactions via official responses and found subscribers' net worth exceeded investments, satisfying creditworthiness; outcome: additions deleted. The court held that the prospectively-introduced proviso to section 68 (Finance Act, 2012) did not apply to the assessment year concerned, making the "source of source" and "origin of origin" doctrines inapplicable. The court emphasized documented bank traceability carries strong evidentiary weight and rejected speculative labels like money laundering or round-tripping absent a live-link to the assessee. en-us Wed, 04 Feb 2026 00:00:00 +0530 Fri, 06 Feb 2026 09:25:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786125 Addition under unexplained share capital and share premium was contested on identity, creditworthiness and genuineness of subscribers. Tribunal accepted traceable investors who confirmed transactions via official responses and found subscribers' net worth exceeded investments, satisfying creditworthiness; outcome: additions deleted. The court held that the prospectively-introduced proviso to section 68 (Finance Act, 2012) did not apply to the assessment year concerned, making the "source of source" and "origin of origin" doctrines inapplicable. The court emphasized documented bank traceability carries strong evidentiary weight and rejected speculative labels like money laundering or round-tripping absent a live-link to the assessee. Case-Laws Income Tax Wed, 04 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786125