Share Capital Addition u/s 68 Fails in Pre-2013 Years: Kolkata ITAT Deletes ₹4.28 Cr

Abhiruchi Marketing Pvt. Ltd. Vs ITO (ITAT Kolkata) Share Capital Addition u/s 68 Fails in Pre-2013 Years: Kolkata ITAT Deletes ₹4.28 Cr Pre-2013 Share Capital Can’t Be Touched on “Source of Source” Theory- Once Identity Is Proved, Revenue Must Chase Shareholders—Not Company- Low Income & High Premium Not Enough: ₹4.28 Cr 68 Addition Deleted Kolkata ITAT ‘A’ Bench in Abhiruchi Marketing Pvt. Ltd. Vs. ITO [ITA No. 934/KOL/2025, AY 2008-09, order dated 31.12.2025] allowed Assessee’s appeal and deleted addition of ₹4,28,70,000 made u/s 68 towards share capital/share prem...