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Unexplained share capital & premium received = assessee's own unaccounted money flowing back. Creditworthiness proved. No sec 68 addition.

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....Unexplained share capital and premium received by assessee company was its own unaccounted money flowing back in form of premium on share allotment. Assessee filed details of identity and creditworthiness of share allottees, appointed as directors. Provisions of Section 68 not invoked considering facts. Enrich Agro case held addition u/s 68 unjustified where documents establishing investor's identity, creditworthiness, and genuineness of transaction furnished. Kunjal Synergies case deleted addition u/s 68 where evidences proving identity and creditworthiness of share subscribers filed.....

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