S. 68 : Cash credits-Shares at a premium-Genuineness, creditworthiness and identity of investors are established-Addition cannot be made as cash credit.
PCIT v. Chain House International (P.) Ltd. ( 2018) 98 taxmann.com 47 / (2019) 408 ITR 561(MP) (HC),Rohtak Chain Co ( P) Ltd ; PCIT v (2019) 408 ITR 561 (MP) (HC)/Bharat Securities Ltd ; PCIT v. (2019) 408 ITR 561 (MP) (HC) Editorial: SLP of revenue is dismissed, PCIT v. Chain House International (P.) Ltd. (2019) 262 Taxman 207 (SC)/,PCIT v. Bharat Securities (P) Ltd ( 2020) 268 Taxman 394 (SC)