TMI BlogAddition u/s 68 - unexplained credit - Onus to prove - share capital introduced - the assessee failed to...Addition u/s 68 - unexplained credit - Onus to prove - share capital introduced - the assessee failed to explain the sources of investment of cash of Rs. 10 lacs each by the 2 persons, in the share capital of the assessee company during the year under consideration, as credit worthiness of these persons could not be proved keeping in view the material on record including income declared in the return of income filed by these persons - Additions confirmed - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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