Case Law Details
Case Name : Suprersmelt Industries Pvt. Ltd Vs ITO (ITAT Kolkata)
Related Assessment Year : 2015-16
Courts :
All ITAT ITAT Kolkata
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Suprersmelt Industries Pvt. Ltd Vs ITO (ITAT Kolkata)
Share Capital & Premium Addition u/s 68 Deleted – Documentary Evidence Ignored & No Enquiry by AO – High Premium Alone Not Ground for Addition – ITAT Kolkata
ITAT Kolkata deleted addition of ₹6.56 Cr u/s 68 towards share capital/share premium holding that assessee furnished complete evidences including confirmations, ITRs, audited financials & bank statements proving identity, creditworthiness & genuineness of subscribers. Tribunal observed that AO made addition merely on general allegations of accommodation entry an...
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