Share Application Money and Premium Addition Deleted as Assessee Proves Genuineness Through Bank Records Under Section 68

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....ITAT upheld deletion of addition under section 68 regarding unexplained share application money and premium. Assessee established initial burden of proof through banking channel transactions. While AO confirmed service of section 133(6) notices to investor companies, subsequent doubts about company addresses based on IT Inspector's inquiry lacked specific inspection dates. AO failed to produce concrete evidence disproving transaction genuineness or demonstrating undisclosed income. Non-appearance of investor company directors alone insufficient to invalidate transactions. ITAT found CIT(A)'s deletion of addition justified as assessee satisfied section 68 requirements through proper documentation and banking records. Revenue's appeal dismissed.....