https://www.taxtmi.com/caselaws?id=472458 Share capital and share premium received from a shareholder were subjected to an addition as unexplained cash credit under the Income-tax Act. The shareholder's bank-account transactions had been accepted by another person in the assessee group and settled before the Income Tax Settlement Commission. As the shareholder's own assessment contained no corresponding addition, the addition relating to the share capital and premium was treated as unsustainable and deleted. en-us Tue, 22 Apr 2025 00:00:00 +0530 Tue, 13 Oct 2026 13:41:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472458 Share capital and share premium received from a shareholder were subjected to an addition as unexplained cash credit under the Income-tax Act. The shareholder's bank-account transactions had been accepted by another person in the assessee group and settled before the Income Tax Settlement Commission. As the shareholder's own assessment contained no corresponding addition, the addition relating to the share capital and premium was treated as unsustainable and deleted. Case-Laws Income Tax Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472458