https://www.taxtmi.com/caselaws?id=794514 Share premium received from a holding company could not be treated as unexplained cash credit under section 68 merely because the Assessing Officer considered the premium excessive or the DCF valuation unrealistic. The assessee had produced confirmations, PAN details, bank statements, financial statements and a valuation report, establishing the subscriber's identity, creditworthiness and the genuineness of the share subscription. As the movement of funds through banking channels was not disputed and the objection was confined to commercial justification and valuation, the Tribunal held that such valuation dissatisfaction did not justify an addition under section 68 for the relevant assessment year. The share premium addition was deleted. en-us Tue, 09 Jun 2026 00:00:00 +0530 Tue, 07 Jul 2026 08:39:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794514 Share premium received from a holding company could not be treated as unexplained cash credit under section 68 merely because the Assessing Officer considered the premium excessive or the DCF valuation unrealistic. The assessee had produced confirmations, PAN details, bank statements, financial statements and a valuation report, establishing the subscriber's identity, creditworthiness and the genuineness of the share subscription. As the movement of funds through banking channels was not disputed and the objection was confined to commercial justification and valuation, the Tribunal held that such valuation dissatisfaction did not justify an addition under section 68 for the relevant assessment year. The share premium addition was deleted. Case-Laws Income Tax Tue, 09 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794514