Case Law Details
Case Name : Viewmore Enclave Pvt Ltd Vs ITO (ITAT Kolkata)
Related Assessment Year : 2012-13
Courts :
All ITAT ITAT Kolkata
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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 unexpl Please become a Premium member. If you are already a Premium member, login here to access the full content.
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