TMI BlogAddition u/s 68 - assessee has discharged the initial onus cast on it in terms of identity,...Addition u/s 68 - assessee has discharged the initial onus cast on it in terms of identity, creditworthiness and genuineness of the transaction - Genuineness accepted in investor company u/s 143(3) - no linkage which can be said to have been established by the Revenue between the assessee’s undisclosed income which is routed back in form of share capital - addition not sustainable. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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