https://www.taxtmi.com/caselaws?id=800652 Consequential assessments following revision must remain confined to the matters specified for verification. Where revision requires examination of DCF valuation and projections supporting share premium, an unexplained-cash-credit addition for the entire premium under Section 68 exceeds that scope; any excess over fair market value is addressed, subject to statutory conditions, under Section 56(2)(viib). For AY 2014-15, loan credits require lender-specific proof of identity, transaction genuineness and creditworthiness. The later proviso requiring proof of a lender's source of funds does not apply, and evidence relating to each lender must be cumulatively evaluated. en-us Wed, 23 Sep 2026 00:00:00 +0530 Fri, 09 Oct 2026 08:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800652 Consequential assessments following revision must remain confined to the matters specified for verification. Where revision requires examination of DCF valuation and projections supporting share premium, an unexplained-cash-credit addition for the entire premium under Section 68 exceeds that scope; any excess over fair market value is addressed, subject to statutory conditions, under Section 56(2)(viib). For AY 2014-15, loan credits require lender-specific proof of identity, transaction genuineness and creditworthiness. The later proviso requiring proof of a lender's source of funds does not apply, and evidence relating to each lender must be cumulatively evaluated. Case-Laws Income Tax Wed, 23 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800652