2.99 Cr Share Capital Addition Quashed – AO Cannot Demand Source of Source for A.Y. CIT(A), on detailed examination of PAN, bank statements, ITRs, audited accounts & confirmations, held that identity, genuineness & creditworthiness were proved. Further, from the Vijaya Bank account statement it is clearly seen that the investor company had vide cheque no. At this juncture, it is also pertinent to note that this investor company was also subject to assessment proceedings u/s 147 for A.Y. At this juncture, it is also pertinent to note that this investor company was also subject to assessment proceedings u/s 147 for A.Y.