ITAT refers back matter of ₹ 3.2 Crore addition for Share premium to AO

Fabline Engineers Pvt. Ltd. Vs ITO (ITAT Kolkata) This appeal preferred by the assessee is directed against the order of the Ld. CIT (Appeals) – 7, Kolkata dated 28-02-2018 passed ex parte, whereby he dismissed the appeal of the assessee for non-prosecution. 2. The assessee in the present case is a company, which is engaged in the business of share dealing & investment. The original return of income for the A.Y under consideration was filed by it on 11-07-2009 declaring total income of Rs. 990/-. The said return was initially processed u/s. 143(1) of the Income Tax Act, 1961 ( herein...