Unexplained Share Application Money- ITAT deletes addition as no sum of money/cash was involved

ITO Vs Shri Ganesh Cement Pvt. Ltd. (ITAT Kolkata) In this case assessee company has shown receipt of fresh subscription to its share capital of Rs. 50.30 crores during the relevant assessment year (AY 2012-13). According to AO for the purpose of proper verification and examination into the existence, and creditworthiness of the share subscribers and genuineness of the share subscription transaction claimed by the assessee company, he issued summons u/s 131 of the Act (no dates given) to the Directors of the assessee company directing them to appear personally along with complete sets of books...