https://www.taxtmi.com/caselaws?id=792838 Share capital and share premium received from a Mauritius entity were held taxable under section 68 because the assessee did not satisfactorily prove the investor's identity, creditworthiness, and the genuineness of the transaction. The supporting papers were incomplete and unsigned, with no reliable authentication or annexures, and further evidence was not furnished despite being called for. RBI approval for inward remittance did not satisfy the distinct evidentiary burden under the Income-tax Act. The deletion of the addition was therefore found unsustainable, and the section 68 addition was restored to the Revenue. en-us Fri, 15 May 2026 00:00:00 +0530 Thu, 04 Jun 2026 08:37:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792838 Share capital and share premium received from a Mauritius entity were held taxable under section 68 because the assessee did not satisfactorily prove the investor's identity, creditworthiness, and the genuineness of the transaction. The supporting papers were incomplete and unsigned, with no reliable authentication or annexures, and further evidence was not furnished despite being called for. RBI approval for inward remittance did not satisfy the distinct evidentiary burden under the Income-tax Act. The deletion of the addition was therefore found unsustainable, and the section 68 addition was restored to the Revenue. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792838