https://www.taxtmi.com/caselaws?id=788526 Share capital additions under section 68 are not sustainable where the assessee furnishes allotment records, shareholder confirmations, bank statements, identity proof and other supporting documents establishing the subscribers and the transaction trail. If the Revenue's objection is limited to non-appearance of some shareholders or doubt about deposits in accounts of persons one step removed from the assessee, the proper course is to proceed against the concerned shareholders in accordance with law. On these facts, the Tribunal found no infirmity in deletion of the major part of the addition, and the Revenue's challenge failed. en-us Fri, 20 Mar 2026 00:00:00 +0530 Tue, 24 Mar 2026 08:12:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788526 Share capital additions under section 68 are not sustainable where the assessee furnishes allotment records, shareholder confirmations, bank statements, identity proof and other supporting documents establishing the subscribers and the transaction trail. If the Revenue's objection is limited to non-appearance of some shareholders or doubt about deposits in accounts of persons one step removed from the assessee, the proper course is to proceed against the concerned shareholders in accordance with law. On these facts, the Tribunal found no infirmity in deletion of the major part of the addition, and the Revenue's challenge failed. Case-Laws Income Tax Fri, 20 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788526