https://www.taxtmi.com/caselaws?id=469981 Share capital and share premium could not be added as unexplained income under section 68 where the assessee furnished subscriber identities, PAN, addresses, audited accounts, bank statements, allotment records and board resolutions, and the Revenue pointed out no defect in that evidence. Compliance with section 131 summons and prior scrutiny of the subscribers further supported the genuineness of the receipts. On those facts, the addition was unsustainable and was deleted. en-us Wed, 12 Mar 2025 00:00:00 +0530 Fri, 10 Jul 2026 22:36:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469981 Share capital and share premium could not be added as unexplained income under section 68 where the assessee furnished subscriber identities, PAN, addresses, audited accounts, bank statements, allotment records and board resolutions, and the Revenue pointed out no defect in that evidence. Compliance with section 131 summons and prior scrutiny of the subscribers further supported the genuineness of the receipts. On those facts, the addition was unsustainable and was deleted. Case-Laws Income Tax Wed, 12 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469981