No addition towards share premium as necessary evidence furnished: ITAT Delhi

People Care Hospitals Pvt. Ltd Vs ITO (ITAT Delhi) ITAT Delhi held that no addition in respect of share premium under section 68 of the Income Tax Act since necessary evidence along with valuation certificate as per rule 11UA(2)(b) of the Income Tax Rules already furnished. Accordingly, appeal allowed. Facts- The appellant is a company carrying on the business to acquire, establish and maintain one or more hospital, treatment of persons suffering from illness or mental defect or of persons requiring medical attention or rehabilitation and to provide medical relief to the public in all branches...