https://www.taxtmi.com/caselaws?id=786488 Whether a share subscription treated as unexplained cash credit could stand turned on whether the taxpayer discharged the onus to prove identity, creditworthiness and genuineness. The subscribers produced PAN/CIN, tax returns, audited financial statements, bank statements showing source of funds and allotment documents and complied with statutory notices; the assessing officer relied instead on non appearance to later summons. The tribunal found the three ingredients satisfied on the contemporaneous material and deleted the addition under the unexplained cash credit doctrine, allowing the appeal in favour of the assessee. en-us Tue, 10 Feb 2026 00:00:00 +0530 Fri, 13 Feb 2026 09:18:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786488 Whether a share subscription treated as unexplained cash credit could stand turned on whether the taxpayer discharged the onus to prove identity, creditworthiness and genuineness. The subscribers produced PAN/CIN, tax returns, audited financial statements, bank statements showing source of funds and allotment documents and complied with statutory notices; the assessing officer relied instead on non appearance to later summons. The tribunal found the three ingredients satisfied on the contemporaneous material and deleted the addition under the unexplained cash credit doctrine, allowing the appeal in favour of the assessee. Case-Laws Income Tax Tue, 10 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786488