https://www.taxtmi.com/caselaws?id=469449 Section 68 applies to a credited sum of money and does not cover share capital or premium arising solely from a non-cash share-swap or barter arrangement. Where no cash, cheque or draft is received and subscriber incorporation details, PAN information and financial statements are furnished, an addition for unexplained cash credit is unsustainable. Section 14A read with Rule 8D does not permit expenditure disallowance where no exempt income has been earned, even if investment-related transactions exist. Accordingly, additions relating to the non-cash share swap and the related expenditure disallowance were deleted. en-us Fri, 07 Mar 2025 00:00:00 +0530 Wed, 17 Jun 2026 17:08:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469449 Section 68 applies to a credited sum of money and does not cover share capital or premium arising solely from a non-cash share-swap or barter arrangement. Where no cash, cheque or draft is received and subscriber incorporation details, PAN information and financial statements are furnished, an addition for unexplained cash credit is unsustainable. Section 14A read with Rule 8D does not permit expenditure disallowance where no exempt income has been earned, even if investment-related transactions exist. Accordingly, additions relating to the non-cash share swap and the related expenditure disallowance were deleted. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469449