Case Law Details
Case Name : M/s Anshika Investments Pvt. Ltd. V.s. CIT (A) (ITAT Delhi)
Related Assessment Year : 2009-10
Courts :
All ITAT ITAT Delhi
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The only ground raised by the Revenue in this appeal reads as under:-
“On the facts and in the circumstances of the case, the CIT(A) has erred in deleting the addition of Rs. 4,00,00,000/- made by the Assessing Officer under section 68 of the Income Tax Act, 1961.”
At the time of hearing before us, it is submitted by the learned DR that during the accounting year relevant to assessment year under consideration, the assessee company has raised the share capital of Rs. 4 crores by issuing the share of Rs. 100/- each at a premium of Rs. 39,900/-per share. That the assessee is a privat...
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