https://www.taxtmi.com/caselaws?id=794105 Share capital and share premium additions under section 68 could not be sustained where the assessee produced primary evidence of the subscribers, including PAN, returns, bank statements, audited balance sheets, ROC data and confirmations. The subscriber entities' assessments had already examined the invested amounts, and one investor faced no adverse addition. In that setting, mere non-compliance with summons under section 131, without any defect in the documentary evidence, was insufficient to justify the addition. The issue of creditworthiness and genuineness was rejected on these facts, and the addition was deleted as impermissible double addition in the assessee's hands. en-us Mon, 29 Jun 2026 00:00:00 +0530 Tue, 30 Jun 2026 07:22:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794105 Share capital and share premium additions under section 68 could not be sustained where the assessee produced primary evidence of the subscribers, including PAN, returns, bank statements, audited balance sheets, ROC data and confirmations. The subscriber entities' assessments had already examined the invested amounts, and one investor faced no adverse addition. In that setting, mere non-compliance with summons under section 131, without any defect in the documentary evidence, was insufficient to justify the addition. The issue of creditworthiness and genuineness was rejected on these facts, and the addition was deleted as impermissible double addition in the assessee's hands. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794105