Section 68 Share Premium Addition Remitted as Evidence Was Not Examined

Deepmala Vyapaar Private Limited Vs ITO (ITAT Kolkata) The assessee filed an appeal against the order dated 04.07.2025 passed by the National Faceless Appeal Centre under Section 250 of the Income-tax Act for Assessment Year 2012–13. The assessee had originally filed its return declaring a total income of Rs. 42,222/-. The case was selected for scrutiny under CASS on the ground that the assessee company had issued its shares to various private companies at a high premium. Notices under Sections 143(2) and 142(1) were issued, and the assessee submitted certain details during the assessment. T...