ITAT Kolkata Upholds Documentary Proof – ₹1.92 Cr Share Capital Addition Deleted

HHP Hospital Private Ltd Vs DCIT (ITAT Kolkata)

Documentary Evidence Trumps Suspicion – Share Capital from Group Companies Held Genuine – Tribunal Grants Relief – Non-Appearance of Directors Not Enough – Identity, Genuineness & Creditworthiness Proved – Addition u/s 68 Deleted- AO Cannot Doubt Transactions Solely for Non-Production of Directors – ITAT Kolkata

Assessee had filed its return declaring income of Rs. 37.06 lakh. During scrutiny, AO noticed that Assessee had received Rs. 1.92 crore share capital including premium from three group compan

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