https://www.taxtmi.com/caselaws?id=471444 Share application money was treated as satisfactorily explained for Section 68 purposes where the investor-company substantiated its investment through share capital and declared profit, with an earlier disclosed component settled under the Vivad se Vishwas Scheme. Other investors furnished confirmations, income-tax returns, computations and bank statements, establishing their identities as regular taxpayers and supporting the genuineness of their investments. On these facts, the nature and source of the share application money were accepted and no unexplained cash-credit addition remained sustainable. en-us Fri, 04 Apr 2025 00:00:00 +0530 Wed, 02 Sep 2026 19:01:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471444 Share application money was treated as satisfactorily explained for Section 68 purposes where the investor-company substantiated its investment through share capital and declared profit, with an earlier disclosed component settled under the Vivad se Vishwas Scheme. Other investors furnished confirmations, income-tax returns, computations and bank statements, establishing their identities as regular taxpayers and supporting the genuineness of their investments. On these facts, the nature and source of the share application money were accepted and no unexplained cash-credit addition remained sustainable. Case-Laws Income Tax Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471444