The ITAT Delhi confirmed the addition of Rs.25.35 lakh as unexplained investment for a house purchase under Section 69, ruling that the assessee failed to discharge the initial onus to prove the creditworthiness and genuineness of loans allegedly received from his mother and sister. The lenders lacked sufficient bank balances, and documentation was incomplete.
SEBI’s September 2025 ICDR amendment mandates demat holdings for promoters, KMPs, and senior management before an IPO. Learn the impact on cap tables and foreign employees.
Learn how mandatory disclosures under SEBI’s ICDR Regulations, including valuation basis and KPI standards, drive investor sentiment and impact an IPO’s Grey Market Premium (GMP).
