Assessee's Proof of Share Applicants Shifts Burden to AO u/s 68: PAN, Bank Statements, and More Key.

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....Addition u/s 68 - If assessee had discharged its onus to prove the identity, creditworthiness and genuineness of the share applicants by placing PAN details, bank account statements, audited financial statements and Income Tax acknowledgments then the onus shifted to AO to disprove the materials placed before him. Without doing so, the addition made by the AO will not sustain.....