https://www.taxtmi.com/caselaws?id=796519 Share capital and share premium additions under Section 68 were unsustainable where the subscriber's identity, transaction genuineness, creditworthiness, financial statements, bank records, money trail and source of investment were established. The subscriber's scrutiny assessment contained no adverse finding on the investment, and its receipt of funds from group companies for that investment satisfied the second proviso to Section 68. As these factual requirements were met, the temporal operation of the proviso did not require determination. Deletion of the unexplained cash credit addition was therefore sustained, with no substantial question of law arising. en-us Wed, 29 Jul 2026 00:00:00 +0530 Thu, 06 Aug 2026 09:11:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796519 Share capital and share premium additions under Section 68 were unsustainable where the subscriber's identity, transaction genuineness, creditworthiness, financial statements, bank records, money trail and source of investment were established. The subscriber's scrutiny assessment contained no adverse finding on the investment, and its receipt of funds from group companies for that investment satisfied the second proviso to Section 68. As these factual requirements were met, the temporal operation of the proviso did not require determination. Deletion of the unexplained cash credit addition was therefore sustained, with no substantial question of law arising. Case-Laws Income Tax Wed, 29 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796519