before the ld CIT (A) by the assessee , addition u/s 68 on
account of share capital were confirmed and addition on account of bogus ... officer himself was of the opinion that no
addition u/s 68 on account of share capital is warranted for any of the years
Page
Share Capital (including
bonus share of
12,01,68,000) - section 68
15. Super Star Agency Pvt. Ltd. 2012-13 143(3)
- Share Capital - section ... additions u/s
68 made in different A.Ys. For instance:-
• In SI. No. 6 - Kasper Information Technology Pvt. ltd.
wherein addition u/s 68
form of share capital as genuine
transactions and accordingly, made additions of Rs. 80,00,000/-
towards share capital u/s 68 ... facts, the Tribunal
has deleted additions made by the Ld. AO towards share capital and
share premium u/s 68
completed
u/s 143(3) of the Act on 26.3.2016 and no addition towards share capital was
made u/s 68 ... Year 2012-13
u/s 143(3) of the Act on 13.11.2014 without making any addition towards share
capital u/s 68
u/s
148 and the consequent order passed u/s 147 is illegal & bad in law.
In view of above, order passed u/s ... Mumbai. Accordingly addition made by the AO
u/s 68 is confirmed.
Submission:-
1. The AO made addition u/s 68 . Section 68 provides that
assessee and accordingly, made
additions u/s 68 of the Act.
9. The AO made addition towards share capital u/s 68 ... share
application money, then the addition can be made towards share capital, and share
application money in the hands of the assessee u/s 68
u/s 68 .
(i) M/S Speciality Papers Ltd., 81,250 shares
(ii) M/s Emporis Projects Ltd., -- 62,500 shares
(iii) M/s Sanguine ... made addition
towards share capital received from certain Indian companies as
unexplained cash credit u/s 68 of the Act, on the ground that
test of genuineness and accordingly
made additions towards share capital along with share premium u/s 68 of the Act.
Relevant observations of the assessment ... conclusion that no reason to make addition towards share capital and
share premium u/s 68 of the Act. Therefore, the order
frame the
assessments u/s 153A of the Act by making an addition towards share capital u/s 68 ... u/s 68 of the Act on account of share capital.
4. The assessee stated no incriminating materials relating to the share capital or share
form of share capital and share
premium received from allotment of shares by discharging its onus
cast upon u/s 68 ... relied upon plethora of judicial precedents.
As regards, addition towards share capital u/s 68 of the Act, the
assessee had filed elaborate written submission
