https://www.taxtmi.com/caselaws?id=466766 Deletion of additions under section 68 turned on whether the assessee proved identity, genuineness and source/creditworthiness of shareholders; the Tribunal re appreciated documentary evidence (income tax returns, audited financials, bank statements, confirmations, PAN details, development agreements and, in some cases, assessment orders) and found individual applicants had identifiable relationships and specific fund sources while corporate applicants showed sufficient net worth in audited balance sheets to cover investments, concluding the three parameters for discharging the onus under cash credit claims were satisfied and the addition could not be sustained. en-us Tue, 22 Jul 2025 00:00:00 +0530 Wed, 18 Feb 2026 20:11:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466766 Deletion of additions under section 68 turned on whether the assessee proved identity, genuineness and source/creditworthiness of shareholders; the Tribunal re appreciated documentary evidence (income tax returns, audited financials, bank statements, confirmations, PAN details, development agreements and, in some cases, assessment orders) and found individual applicants had identifiable relationships and specific fund sources while corporate applicants showed sufficient net worth in audited balance sheets to cover investments, concluding the three parameters for discharging the onus under cash credit claims were satisfied and the addition could not be sustained. Case-Laws Income Tax Tue, 22 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466766