https://www.taxtmi.com/caselaws?id=800588 Share capital and share premium received from a corporate subscriber do not constitute unexplained cash credit where the assessee substantiates the subscriber's identity, creditworthiness and the genuineness of the transaction. Books of account, bank statements, the subscriber's tax identification details, address and audited financial statements, together with a documented banking trail and examination of the subscriber's investment source, discharge the initial evidentiary burden. An addition based solely on an investigation report is unsustainable where no defect in this evidence is identified and no effective contrary verification is undertaken. en-us Fri, 25 Sep 2026 00:00:00 +0530 Thu, 08 Oct 2026 08:45:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800588 Share capital and share premium received from a corporate subscriber do not constitute unexplained cash credit where the assessee substantiates the subscriber's identity, creditworthiness and the genuineness of the transaction. Books of account, bank statements, the subscriber's tax identification details, address and audited financial statements, together with a documented banking trail and examination of the subscriber's investment source, discharge the initial evidentiary burden. An addition based solely on an investigation report is unsustainable where no defect in this evidence is identified and no effective contrary verification is undertaken. Case-Laws Income Tax Fri, 25 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800588