S. 68 : Cash credits-Share premium-Monies received in earlier years-Opening balance addition cannot be made-Share premium from founder promoter-Discharged burden of proving identity, genuineness and creditworthiness-Celebrity endorser-Isuue of shres at premium-Addition is not justified-Foreign investors-Foreign inward remittance certificates, in support of foreign investment received in accordance with RBI regulations, revenue ought not to have rejected primary evidences furnished-Matter remanded.

S. 68: Cash credits-Complex transaction-Matter remanded for fresh consideration.

S. 68 : Cash credits-Unsecured loans-Non banking finance company-Genuineness and creditworthiness of lender proved-Deletion of addition is held to be justified.

S. 68 : Cash credits-Money deposited in assessee’s bank account-Explanation was furnished-Addition was not justified.

S. 68 : Cash credits-Sale of Pharmaceutical products-Demonetisation-Cash deposits-Books of account not rejected-Sales not doubted-Addition is held to be not valid.

S. 68 : Cash credits-Share application moneys-Common directors-Detailed particulars of investors, their addresses, Permanent Account Numbers and amounts invested-Deletion of addition is justified.

S. 68 : Cash credits-Loans not taken during the year-Not taxable as cash credit.

S. 68 : Cash credits-Cash deposits-Cash received from customers-Demonetisation-Explained the source-Addition was deleted-Donation-Receipts produced-Matter remanded. [S.80G]

S. 68 : Cash credits-Construction business-Cash received from seventeen persons-Booking cancelled cash refunded-Mere submission of Aadhaar and Permanent Account Number Card is not sufficient-Addition is justified-Amount received by cheque-Finishing work done in subsequent year-Matter remanded for verification.

S. 68 : Cash credits-Share application money-Identity, creditworthiness of investors and genuineness of transactions established-Refund of share application money to one investor overlooked-Addition is not justified. [S. 133(6)]