ITAT deletes addition for share premium as Assessee establishes identity, genuineness & creditworthiness of investor

ITO Vs M/s Heckyl Technologies Pvt.Ltd. (ITAT Mumbai) Firstly, the AO has clearly mentioned at paragraph no. 5 on page no’s, 6 and 7 of his order that he had made two references to the tax authorities in Mauritius and the UK. These references had been made under section 90 of the Act and had been accordingly made through the Competent Authority. The AO has also mentioned the dates of the said references (viz. 19th November 2014 to Mauritius and 22nd July 2015 to UK). It resulted in the extension of the date of limitation to 18th November 2015, by which date the AO had passed the order under ...