https://www.taxtmi.com/caselaws?id=788419 Addition of unexplained share capital was contested where the assessee produced audited accounts, allotment details, bank statements and shareholder responses to notices; the AO treated receipts as unexplained cash credits based solely on timing of shareholder bank deposits. The appellate authority issued a cryptic order without independently disbelieving or negating the documentary evidence as required by law. The Tribunal held that absent specific, corroborative material impugning veracity and without meaningful application of mind by the appellate authority, the addition was unsustainable and was deleted, allowing the assessee's appeal. en-us Thu, 19 Feb 2026 00:00:00 +0530 Sat, 21 Mar 2026 08:29:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788419 Addition of unexplained share capital was contested where the assessee produced audited accounts, allotment details, bank statements and shareholder responses to notices; the AO treated receipts as unexplained cash credits based solely on timing of shareholder bank deposits. The appellate authority issued a cryptic order without independently disbelieving or negating the documentary evidence as required by law. The Tribunal held that absent specific, corroborative material impugning veracity and without meaningful application of mind by the appellate authority, the addition was unsustainable and was deleted, allowing the assessee's appeal. Case-Laws Income Tax Thu, 19 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788419