https://www.taxtmi.com/caselaws?id=800959 For an unexplained share-capital addition, the assessee must establish the investor's identity and creditworthiness and the transaction's genuineness. PAN details, banking-channel payments, bank records and foreign inward-remittance documents may establish both the immediate source and the investor's source of funds. In the absence of evidence that the investor lacked financial capacity, was a paper entity, or routed the assessee's own unaccounted money through an accommodation entry, the receipt is explained. Non-compliance with foreign-exchange reporting, valuation or downstream-investment requirements falls within the relevant regulatory regime and, by itself, does not make otherwise explained share capital taxable as unexplained income. en-us Wed, 23 Sep 2026 00:00:00 +0530 Wed, 14 Oct 2026 06:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800959 For an unexplained share-capital addition, the assessee must establish the investor's identity and creditworthiness and the transaction's genuineness. PAN details, banking-channel payments, bank records and foreign inward-remittance documents may establish both the immediate source and the investor's source of funds. In the absence of evidence that the investor lacked financial capacity, was a paper entity, or routed the assessee's own unaccounted money through an accommodation entry, the receipt is explained. Non-compliance with foreign-exchange reporting, valuation or downstream-investment requirements falls within the relevant regulatory regime and, by itself, does not make otherwise explained share capital taxable as unexplained income. Case-Laws Income Tax Wed, 23 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800959