https://www.taxtmi.com/caselaws?id=789967 Section 68 addition for share capital and share premium was deleted because the assessee furnished documentary evidence establishing the identity, creditworthiness and genuineness of the share subscribers. Share application forms, PAN, bank statements, returns, audited accounts, confirmations and incorporation documents were produced, notices under section 133(6) were complied with, and investments moved through banking channels without any cash trail. Non-appearance of directors under section 131, without adverse enquiry or specific defect in the evidence, was insufficient to sustain the unexplained cash credit addition. en-us Wed, 15 Apr 2026 00:00:00 +0530 Fri, 17 Apr 2026 08:21:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789967 Section 68 addition for share capital and share premium was deleted because the assessee furnished documentary evidence establishing the identity, creditworthiness and genuineness of the share subscribers. Share application forms, PAN, bank statements, returns, audited accounts, confirmations and incorporation documents were produced, notices under section 133(6) were complied with, and investments moved through banking channels without any cash trail. Non-appearance of directors under section 131, without adverse enquiry or specific defect in the evidence, was insufficient to sustain the unexplained cash credit addition. Case-Laws Income Tax Wed, 15 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789967