https://www.taxtmi.com/caselaws?id=797468 Additional evidence concerning identity, creditworthiness and genuineness of non-resident share subscriptions must be examined under Rule 46A through the Assessing Officer's comments in a remand report. The absence of an assessment under section 144 does not remove this requirement. Bank statements and e-KYC records required factual verification, while the DCF valuation report and underlying projections relevant to alleged excess share premium also required examination on complete material after adequate opportunity. Additions for unexplained share capital and share premium, and for excess premium, were set aside for fresh appellate adjudication following a remand report and effective opportunity to the assessee. en-us Tue, 11 Aug 2026 00:00:00 +0530 Sat, 22 Aug 2026 10:33:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797468 Additional evidence concerning identity, creditworthiness and genuineness of non-resident share subscriptions must be examined under Rule 46A through the Assessing Officer's comments in a remand report. The absence of an assessment under section 144 does not remove this requirement. Bank statements and e-KYC records required factual verification, while the DCF valuation report and underlying projections relevant to alleged excess share premium also required examination on complete material after adequate opportunity. Additions for unexplained share capital and share premium, and for excess premium, were set aside for fresh appellate adjudication following a remand report and effective opportunity to the assessee. Case-Laws Income Tax Tue, 11 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797468