https://www.taxtmi.com/caselaws?id=793654 In a section 68 inquiry involving share application money and share premium, the assessee must prove the identity, creditworthiness and genuineness of the subscribers; where independent enquiries create serious doubt and the primary onus is not discharged, the addition is sustainable. The text also notes that an estimated commission addition for accommodation entries cannot rest on conjecture without reliable evidence and was deleted. Sundry creditors were not finally decided because the record required fresh enquiry. The gross profit addition was found excessive and was substantially reduced on recomputation. en-us Wed, 17 Jun 2026 00:00:00 +0530 Fri, 19 Jun 2026 15:57:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793654 In a section 68 inquiry involving share application money and share premium, the assessee must prove the identity, creditworthiness and genuineness of the subscribers; where independent enquiries create serious doubt and the primary onus is not discharged, the addition is sustainable. The text also notes that an estimated commission addition for accommodation entries cannot rest on conjecture without reliable evidence and was deleted. Sundry creditors were not finally decided because the record required fresh enquiry. The gross profit addition was found excessive and was substantially reduced on recomputation. Case-Laws Income Tax Wed, 17 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793654