https://www.taxtmi.com/caselaws?id=787472 Treating subscription by a foreign investor as genuine requires proof of identity, genuineness and source by audited financials, cash flow disclosures and regulated banking/regulatory filings; where such documentary and reconciliatory evidence is produced and no affirmative rebuttal is offered, additions under section 68 cannot be sustained and are to be deleted. Similarly, disallowance under section 40A(2)(b) for alleged excess payments to a related party is unsustainable where the assessee furnishes audited related party schedules, reconciliations showing capitalisation of invoices and adjustments that eliminate any demonstrable excess; objective benchmarking or material demonstrating excess remains necessary for disallowance. en-us Tue, 24 Feb 2026 00:00:00 +0530 Fri, 06 Mar 2026 08:30:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787472 Treating subscription by a foreign investor as genuine requires proof of identity, genuineness and source by audited financials, cash flow disclosures and regulated banking/regulatory filings; where such documentary and reconciliatory evidence is produced and no affirmative rebuttal is offered, additions under section 68 cannot be sustained and are to be deleted. Similarly, disallowance under section 40A(2)(b) for alleged excess payments to a related party is unsustainable where the assessee furnishes audited related party schedules, reconciliations showing capitalisation of invoices and adjustments that eliminate any demonstrable excess; objective benchmarking or material demonstrating excess remains necessary for disallowance. Case-Laws Income Tax Tue, 24 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787472