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An enquiry was initiated to disprove the cash credit in respect of the share capital and share premium received by the assessee’s inAsstt CIT v. Sur Buildcon Pvt. Ltd. and others[2021] 90 ITR (Trib) 300 (ITAT[Del]) leading to addition u/s 68 which is subsequently deleted by Income Tax Appellate Tribunal by stating thatin order to discharge the initial onus of proof under section 68 prior to April 1, 2013, the assessee’s need not be required to prove the source of the source of investors.An enquiry was initiated to disprove the cash credit in respect of the share capital and share premium received by the assessee’s inAsstt CIT v. Sur Buildcon Pvt. Ltd. and others[2021] 90 ITR (Trib) 300 (ITAT[Del]) leading to addition u/s 68 which is subsequently deleted by Income Tax Appellate Tribunal by stating thatin order to discharge the initial onus of proof under section 68 prior to April 1, 2013, the assessee’s need not be required to prove the source of the source of investors.taxmann.com Latest ArticlesRead More