Share Capital Call-Money ₹2.10 Cr Deletion u/s 68; ITAT Upholds Genuineness

JSM Oilfields Services Pvt. Ltd. Vs DCIT (ITAT Delhi) Share Capital Call-Money Addition Deleted— Statement Not Supplied or Cross-Examined; Identity, Creditworthiness & Genuineness Proven; Ad-hoc Personal-Use Disallowance Also Deleted  JSM Oilfields Services Pvt Ltd appealed against the order of CIT(A)/NFAC dated 31.07.2024, wherein the CIT(A) sustained an addition of ₹2,10,20,000 u/s 68 relating to call-money received on shares originally allotted in earlier years, and partly upheld an ad-hoc disallowance of ₹2,12,581 towards alleged personal expenses. The Tribunal noted that the As...