Share Capital & Premium Fully Explained – Addition of ₹1.13 Cr Deleted

Viewmore Enclave Pvt Ltd Vs ITO (ITAT Kolkata) Share Capital & Premium Fully Explained—s.68 Addition of ₹1.13 Cr Deleted; CIT(A) Erred in Rejecting Evidence Assessee filed return declaring Nil income. Case selected for scrutiny for large share premium. Assessee furnished before AO complete details of four investors—including ITRs, financials, bank statements & confirmations. AO issued summons u/s 131 but directors did not appear. AO held share capital/premium of ₹1,13,00,000 as unexplained u/s 68. Before CIT(A), Assessee again filed investor details. CIT(A) refused to admit doc...