https://www.taxtmi.com/caselaws?id=472283 Share capital and share premium additions under Section 68 require the assessee to establish each subscriber's identity and creditworthiness and the genuineness of the transactions. Once supporting material discharges that initial burden, the Assessing Officer must scrutinise it and conduct an independent enquiry before disputing the credits. In the absence of identified deficiencies or evidence undermining those three elements, deletion of the unexplained cash-credit addition is justified. en-us Wed, 28 Jan 2026 00:00:00 +0530 Wed, 07 Oct 2026 08:26:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472283 Share capital and share premium additions under Section 68 require the assessee to establish each subscriber's identity and creditworthiness and the genuineness of the transactions. Once supporting material discharges that initial burden, the Assessing Officer must scrutinise it and conduct an independent enquiry before disputing the credits. In the absence of identified deficiencies or evidence undermining those three elements, deletion of the unexplained cash-credit addition is justified. Case-Laws Income Tax Wed, 28 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472283