https://www.taxtmi.com/caselaws?id=786840 Assessment additions treating investor receipts as unexplained share capital and premium were rejected after documentary verification; the tribunal upheld the appellate deletion because investors' bank statements, ITRs, FD closures and board/audit records substantiated sources and payments, and the assessee's valuation for share issue used immovable property fair market value for computing per-share value. The tribunal also found the assessing officer's reliance on precedent misplaced due to differing factual matrices and criticised failure to respond to remand requisitions; accordingly the deletions of additions were sustained and revenue appeals dismissed in favour of the assessee. en-us Wed, 18 Feb 2026 00:00:00 +0530 Fri, 20 Feb 2026 08:23:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786840 Assessment additions treating investor receipts as unexplained share capital and premium were rejected after documentary verification; the tribunal upheld the appellate deletion because investors' bank statements, ITRs, FD closures and board/audit records substantiated sources and payments, and the assessee's valuation for share issue used immovable property fair market value for computing per-share value. The tribunal also found the assessing officer's reliance on precedent misplaced due to differing factual matrices and criticised failure to respond to remand requisitions; accordingly the deletions of additions were sustained and revenue appeals dismissed in favour of the assessee. Case-Laws Income Tax Wed, 18 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786840