https://www.taxtmi.com/caselaws?id=467587 In a section 68 share-application-money dispute, documentary evidence such as application forms, PAN details, confirmations, bank statements and allotment records was treated as sufficient to discharge the assessee's primary onus on identity, creditworthiness and genuineness, so the addition was deleted except for two shareholders separately examined. For those two credits, the absence of confirmations and supporting material meant the section 68 burden was not met, so the addition was sustained. On brokerage and commission, invoices and banking records existed, but the nature of services and commercial nexus were not clear, so the disallowance was set aside and the matter remanded for fresh consideration. en-us Fri, 27 May 2016 00:00:00 +0530 Wed, 25 Mar 2026 12:54:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467587 In a section 68 share-application-money dispute, documentary evidence such as application forms, PAN details, confirmations, bank statements and allotment records was treated as sufficient to discharge the assessee's primary onus on identity, creditworthiness and genuineness, so the addition was deleted except for two shareholders separately examined. For those two credits, the absence of confirmations and supporting material meant the section 68 burden was not met, so the addition was sustained. On brokerage and commission, invoices and banking records existed, but the nature of services and commercial nexus were not clear, so the disallowance was set aside and the matter remanded for fresh consideration. Case-Laws Income Tax Fri, 27 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467587