This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Share Capital & Premium Fully Explained – Addition of ₹1.13 Cr Deleted
Case Law Details
- Case Name
- Viewmore Enclave Pvt Ltd Vs ITO (ITAT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Kolkata
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Viewmore Enclave Pvt Ltd Vs ITO (ITAT Kolkata)
Share Capital & Premium Fully Explained—s.68 Addition of ₹1.13 Cr Deleted; CIT(A) Erred in Rejecting Evidence
Assessee filed return declaring Nil income. Case selected for scrutiny for large share premium. Assessee furnished before AO complete details of four investors—including ITRs, financials, bank statements & confirmations. AO issued summons u/s 131 but directors did not appear. AO held share capital/premium of ₹1,13,00,000 as unexplained u/s 68.
Before CIT(A), Assessee again filed investor details. CIT(A) refused to admit doc...
Author Info
