https://www.taxtmi.com/caselaws?id=466847 Appellate ex parte disposal did not breach principles of natural justice where the record shows repeated adjournment requests, failure to produce directed documents and consideration of submissions before deciding; procedural challenge therefore rejected. On substantive law, where an assessee produced bank statements, investor confirmations, audited financials and PAN details discharging the evidentiary onus as to identity, genuineness and creditworthiness of share subscription monies, the legal burden shifts to the revenue to rebut by independent investigation; consequently additions under Section 68 were unsustainable and deleted. en-us Tue, 25 Feb 2025 00:00:00 +0530 Sun, 22 Feb 2026 22:48:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466847 Appellate ex parte disposal did not breach principles of natural justice where the record shows repeated adjournment requests, failure to produce directed documents and consideration of submissions before deciding; procedural challenge therefore rejected. On substantive law, where an assessee produced bank statements, investor confirmations, audited financials and PAN details discharging the evidentiary onus as to identity, genuineness and creditworthiness of share subscription monies, the legal burden shifts to the revenue to rebut by independent investigation; consequently additions under Section 68 were unsustainable and deleted. Case-Laws Income Tax Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466847