This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Addition Deleted Because Startup Submitted Evidence After AO’s Procedural Lapses
Case Law Details
- Case Name
- ITO Vs Indic Wisdom Pvt. Ltd. (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2022-23
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
ITO Vs Indic Wisdom Pvt. Ltd. (ITAT Mumbai)
CBDT Circular Shields 56(2)(viib), Not 68 — Yet Addition Deleted for Lack of Enquiry- Startup Share Premium Not Unexplained: ITAT Mumbai Upholds CIT(A)’s Deletion of ₹1.04 Cr u/s 68
Revenue appealed against CIT(A)’s deletion of ₹1,04,79,916 added u/s 68 towards share premium received by Assessee, a DPIIT-registered startup engaged in manufacturing natural FMCG products such as cold-pressed oils. Assessment was completed u/s 143(3) r.w.s 144 after selection for scrutiny owing to large share premium receipts & mismatch b...
Author Info
