https://www.taxtmi.com/caselaws?id=469099 An addition under section 68 for share capital receipts could not be sustained where the assessee produced confirmations and supporting documents, and the creditor companies had already been examined in their own proceedings without any adverse finding. The ITAT held that the revenue could not accept the same entities as genuine in one proceeding and treat them as accommodation entry providers in another, in the absence of any defect in the assessee's evidence. The addition was therefore deleted in favour of the assessee. en-us Thu, 20 Apr 2017 00:00:00 +0530 Tue, 02 Jun 2026 16:38:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469099 An addition under section 68 for share capital receipts could not be sustained where the assessee produced confirmations and supporting documents, and the creditor companies had already been examined in their own proceedings without any adverse finding. The ITAT held that the revenue could not accept the same entities as genuine in one proceeding and treat them as accommodation entry providers in another, in the absence of any defect in the assessee's evidence. The addition was therefore deleted in favour of the assessee. Case-Laws Income Tax Thu, 20 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469099