Cash Credits [Section 68] : Where assessee had received share appli

Income-tax - Cash Credits [Section 68] : Where assessee had received share application money from investors/share applicants and had submitted list of all shareholders giving their full names, addresses, details of payment made by cheque and had also submitted confirmations from all shareholders giving complete particulars in form of address, cheque numbers and name of bank, PAN and place of assessment, etc. it could be said that assessee had discharged its primary onus as per law in proving identities of all shareholders and accordingly, no addition could be made under section 68 - [2011] 9 taxmann 305 (Delhi)