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Calcutta HC Refuses to Admit Income Tax Dept Appeal Challenging ITAT’s Deletion of Rs. 1.21-Crore Addition On Share Capital

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By Mariya Paliwala
Calcutta HC Refuses to Admit Income Tax Dept Appeal Challenging ITAT’s Deletion of Rs. 1.21-Crore Addition On Share Capital

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The Calcutta High Court has dismissed an appeal filed by the Principal Commissioner of Income Tax-2, Kolkata against an Income Tax Appellate Tribunal (ITAT) ruling that deleted an addition of Rs. 1,21,50,000 made under Section 68 of the Income Tax Act on account of alleged unexplained share capital and premium received by the company.  The…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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