Share application money Addition Quashed Due to Absence of Incriminating Material

DCIT Vs Raja Shelters Pvt. Ltd. (ITAT Kolkata)

In DCIT vs. Raja Shelters Pvt. Ltd. (ITAT Kolkata, order dated September 18, 2025), the Income Tax Appellate Tribunal (ITAT) dismissed two departmental appeals for Assessment Years (AYs) 2009–10 and 2013–14, upholding the Commissioner of Income Tax (Appeals) [CIT(A)]’s decision to delete additions made under Section 68 of the Income Tax Act, 1961. The Tribunal reaffirmed that in cases where assessments are completed and no incriminating material is found during a search, additions made under Section 153A are unsustainabl

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