https://www.taxtmi.com/caselaws?id=793441 Share capital and share premium could not be added under income-tax anti-abuse principles where the assessee, after Rule 46A evidence was admitted for lack of adequate assessment-stage opportunity, filed material showing the subscribers' identity, bank statements, return particulars and net worth. The tribunal treated identity as undisputed and held that creditworthiness must be judged on overall financial capacity and accumulated net worth, not only on a single year's income. It also reiterated that the assessee was not required to prove the source of source for the relevant year. The section 68 addition was deleted. en-us Fri, 05 Jun 2026 00:00:00 +0530 Tue, 16 Jun 2026 08:32:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793441 Share capital and share premium could not be added under income-tax anti-abuse principles where the assessee, after Rule 46A evidence was admitted for lack of adequate assessment-stage opportunity, filed material showing the subscribers' identity, bank statements, return particulars and net worth. The tribunal treated identity as undisputed and held that creditworthiness must be judged on overall financial capacity and accumulated net worth, not only on a single year's income. It also reiterated that the assessee was not required to prove the source of source for the relevant year. The section 68 addition was deleted. Case-Laws Income Tax Fri, 05 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793441