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. The article notes that deletion of the addition was sustained because no substantial question of law arose, without requiring determination of whether the proviso operated prospectively or retrospectively. 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. The article notes that deletion of the addition was sustained because no substantial question of law arose, without requiring determination of whether the proviso operated prospectively or retrospectively. Case-Laws Income Tax Wed, 29 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796519