https://www.taxtmi.com/caselaws?id=791271 Share capital and share premium received from a non-resident holding company were held not to be unexplained credits where the assessee produced shareholder details, PAN, share certificates, bank statements, Foreign Inward Remittance Certificates, confirmations, and a valuation report. The funds moved through banking channels, the shareholding pattern remained unchanged, the remittances were consistent with the FDI regime, and transfer pricing proceedings raised no adverse comment. On these facts, the assessee discharged the burden of proving identity, creditworthiness and genuineness, so the section 68 addition was deleted. en-us Wed, 06 May 2026 00:00:00 +0530 Fri, 08 May 2026 07:30:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791271 Share capital and share premium received from a non-resident holding company were held not to be unexplained credits where the assessee produced shareholder details, PAN, share certificates, bank statements, Foreign Inward Remittance Certificates, confirmations, and a valuation report. The funds moved through banking channels, the shareholding pattern remained unchanged, the remittances were consistent with the FDI regime, and transfer pricing proceedings raised no adverse comment. On these facts, the assessee discharged the burden of proving identity, creditworthiness and genuineness, so the section 68 addition was deleted. Case-Laws Income Tax Wed, 06 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791271