Section 68 Proviso Not Retrospective – ITAT Quashes Huge Share Capital Addition

Rameshwar Finvest Private Limited Vs DCIT (ITAT Kolkata) Section 68 Proviso Not Retrospective—ITAT Quashes Huge Share Capital Addition – ₹32.04 Cr Share Capital Addition Falls:  No Cross-Examination, No 68 Addition:   Kolkata ITAT ‘D’ Bench in Rameshwar Finvest Pvt Ltd vs DCIT, Central Circle-3(3), Kolkata (ITA No.2107/Kol/2025, AY 2008-09, order dated 23-12-2025) allowed the assessee’s appeal and deleted the entire addition of ₹32.04 crore made u/s 68, holding that the assessee had duly discharged the onus of proving identity, creditworthiness and genuineness of sha...