High Share Premium Alone Can’t Trigger Section 68 Addition: Calcutta HC

PCIT Vs Shipra Enclave Pvt Ltd (Calcutta High Court) Whether addition under Section 68 for unexplained share capital and share premium can be sustained merely on the basis of high share premium and alleged lack of creditworthiness, when the assessee has furnished complete documentary evidence and the investors are identifiable, traceable, and active taxpayers. Case Citation- Principal Commissioner of Income Tax–1, Kolkata vs. M/s Shipra Enclave Pvt. Ltd. Court: Calcutta High Court Appeal No.: ITAT 94 of 2025 with IA No. GA 2 of 2025-Assessment Year: 2012–13-Date: 4 February 2026...