Company's share capital receipts upheld; burden of proof discharged on identity & genuineness of transactions.

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....The HC held that the Tribunal's decision deleting the addition u/s 68 was justified as the assessee had discharged its burden of substantiating the identity, creditworthiness, and genuineness of the transactions involving receipt of share application money. The HC found no substantial question of law arising from the Tribunal's factual findings based on evidence. Consequently, the HC declined to interfere with the Tribunal's decision in favor of the assessee.....