Receipt of share capital cannot be added when assessee filed all necessary details

DCIT Vs Gyscoal Alloys Ltd. (ITAT Ahmedabad) Assessee had received share capital along with premium from its group concern and to prove the same, assessee had filed all the necessary details such as share applicants PAN card, audited accounts, income tax returns, confirmation, Demat statements, Inspectors inquiry report, copy of ledger account of investor entity in its books along with bank statement and assessee also produced one of the common directors, therefore addition made by AO under section 68 on the ground that genuineness of said transaction and identity, creditworthiness of share ap...