https://www.taxtmi.com/caselaws?id=466642 Whether an addition under the unexplained cash credits doctrine can be sustained where revision directions mandated independent enquiries into the genuineness and source of shareholder funds; the tribunals found the AO and lower authorities failed to conduct those enquiries and did not consider documentary evidence filed by the taxpayer, making the consequential assessment unsustainable. Result: matter remitted for a fresh de novo assessment to examine genuineness and source of the share application/premium in accordance with the revision directions; appeal allowed for statistical purposes. en-us Wed, 13 Nov 2019 00:00:00 +0530 Sat, 14 Feb 2026 20:05:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466642 Whether an addition under the unexplained cash credits doctrine can be sustained where revision directions mandated independent enquiries into the genuineness and source of shareholder funds; the tribunals found the AO and lower authorities failed to conduct those enquiries and did not consider documentary evidence filed by the taxpayer, making the consequential assessment unsustainable. Result: matter remitted for a fresh de novo assessment to examine genuineness and source of the share application/premium in accordance with the revision directions; appeal allowed for statistical purposes. Case-Laws Income Tax Wed, 13 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466642