https://www.taxtmi.com/caselaws?id=470458 Addition of preference share capital and premium as unexplained cash credit requires complete verification of the source and movement of funds and a fair opportunity for the assessee to rebut adverse material. Relevant concerns included the timing and manner of pay orders, investments by common entities in group concerns, and pay orders issued in a former name. As the alleged cash routing was not fully established, relevant treatment in investor and related entities was unavailable, and only some directors' statements had been supplied, the addition was set aside for fresh examination after completing investigation and permitting the assessee to substantiate its claim and confront adverse material. en-us Fri, 08 Oct 2010 00:00:00 +0530 Tue, 28 Jul 2026 17:22:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470458 Addition of preference share capital and premium as unexplained cash credit requires complete verification of the source and movement of funds and a fair opportunity for the assessee to rebut adverse material. Relevant concerns included the timing and manner of pay orders, investments by common entities in group concerns, and pay orders issued in a former name. As the alleged cash routing was not fully established, relevant treatment in investor and related entities was unavailable, and only some directors' statements had been supplied, the addition was set aside for fresh examination after completing investigation and permitting the assessee to substantiate its claim and confront adverse material. Case-Laws Income Tax Fri, 08 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470458