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“share capital and share premium”

Cash Credits & Unexplained ItemsSection 68Section 68694 judgments

SHALBY LTD.,AHMEDABAD vs. THE DY.CIT, CIRCLE-4(1)(1), AHMEDABAD

In the result, the appeal of the assessee is dismissed

ITA 1005/AHD/2023[2015-16]Status: DisposedITAT Ahmedabad16 Mar 2026AY 2015-16

Bench: Dr. Brr Kumar & Ms. Suchitra Kambleassessment Year 2015-16

For Appellant: Shri Aseem Thakkar, A.RFor Respondent: Shri R P Rastogi, CIT-D.R
Section 143(3)Section 56(2)(ib)Section 56(2)(vii)Section 56(2)(viib)Section 68

viib) of the Income Tax Act which comes at Rs. 9,16,75,676/-. The Assessing Officer further held that share capital and share premium of Rs. 4.60 lacs has been credited in the book of the assessee company maintained for previous year 2014-15 relevant to assessment

VICKY AGRO FOOD PRODUCTS & SUPPLIERS PVT LTD,,MUMBAI vs. ITO WD-8(3)(3), MUMBAI

In the result, the appeal filed by the assessee is allowed for statistical purposes

ITA 9158/MUM/2025[2012-13]Status: DisposedITAT Mumbai16 Mar 2026AY 2012-13

Bench: Shri Saktijit Dey & Shri Makarand Vasant Mahadeokarvicky Agro Food Ito-8(3)(3), Products & Suppliers Room No. 616, 6Th Pvt. Ltd. Vs. Floor, Aayakar Bhavan, 125/129, Central M. K. Road, Warehousing Churchgate, Mumbai- Corporation Building 400020 Reay Road (East), Mumbai-400 033 Pan/Gir No. Aadcv3351K (Applicant) (Respondent) Assessee By Shri Kiran Mehta, Ld. Ar Revenue By Shri Nayanjyoti Nath, Ld. Dr Date Of Hearing 10.03.2026 Date Of Pronouncement 16.03.2026

Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 250Section 68

Products & Suppliers Pvt. Ltd. assessment order under section 143(3) dated 20.03.2015 making the following additions: (i) Addition on account of Share Capital and Share Premium – During the year under consideration, the assessee had increased its share capital from ... other supporting documents to establish the creditworthiness of the investors and genuineness of the transactions. Accordingly, the Assessing Officer treated the share capital and share premium aggregating to Rs. 15,14,650/- as unexplained cash credit under section 68 of the Act. (ii) Addition on account of cash

YUGA PRINTPACK PRIVATE LIMITED,. vs. ITO WARD-2(5), FARIDABAD, .

Appeal of the assessee is allowed

ITA 6503/DEL/2025[2017-18]Status: DisposedITAT Delhi12 Mar 2026AY 2017-18

Bench: Shri Vikas Awasthyआअसं.6503/धिल्ली/2025 (नि.व. 2017-18) Yuga Printpack P. Ltd., C/O Ipso Legal, 1St Floor, Jangpura Extn. New Delhi 110014 ...... अपीलार्थी/Appellant Pan: Aaacy-6342-G बिाम Vs. Income Tax Officer, Ward-2(5), ..... प्रनिवादी/Respondent Cr Building, Faridabad, Haryana 122001 अपीलार्थी द्वारा/Appellant By : Shri Rajiv Saxena & Ms. Sumangla Saxena, Advocates प्रधििािीद्वारा/Respondent By : Shri Manoj Kumar, Sr. Dr सुिवाई की निथर्थ/ Date Of Hearing : 16/12/2025 घोषणा की निथर्थ/ Date Of Pronouncement : 12/03/2026 आदेश/Order Per Vikas Awasthy, Jm:

For Appellant: Shri Rajiv Saxena & Ms. Sumangla SaxenaFor Respondent: Shri Manoj Kumar, Sr. DR
Section 68Section 69

Rs.45,00,000/- made u/s.68 of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) on account of share capital and share premium receipts by the assessee from Teltroy Commotrade P. Ltd. 3. The assessee has allotted 3,52,000 equity shares having face value ... Counsel referred to the bank statement of the assessee at page 103 to 105 of the paper book to show that share capital and share premium aggregating to Rs.45,00,000/- was received by the assessee from M/s. Teltroy Commotrade P. Ltd. through banking channel

ITO, NEW DELHI vs. M/S. WISDOM EXPORT PVT. LTD., DELHI

In the result, the appeal of the Revenue is dismissed

ITA 2172/DEL/2017[2007-08]Status: DisposedITAT Delhi11 Mar 2026AY 2007-08

Bench: Ms. Madhumita Roy & Shri Amitabh Shukla, Accountnat Member [Assessment Year: 2007-08]

Section 143(3)Section 68

appellant. The AO held that the source of Rs.3,00,00,000/- introduced in the bank account of the appellant as share capital and share premium amounting to Rs. 12,00,00,000/- had not been satisfactorily explained. The addition of Rs. 3,00,00,000/- was made ... seminal to the controversy is regarding the source of Rs.3 Crores in the bank account of the appellant, claim to be share capital and share premium money received from its holding company. The ld. DR vehemently argued in favour of the order of the lower authorities. We have

ILOVE DIAMONDS PVT. LTD.,CHENNAI vs. ACIT, CC-2,, CHENNAI

The appeal of the assessee is partly allowed

ITA 2005/CHNY/2025[2016-17]Status: DisposedITAT Chennai09 Mar 2026AY 2016-17

Bench: Shri Aby T. Varkey & Ms. Padmavathy.Sआयकर अपील सं./Ita No.2005/Chny/2025 िनधा$रण वष$ /Assessment Year: 2016-17

For Appellant: Mr. D. Anand, AdvocateFor Respondent: Mr. R. Anitha, Addl. CIT
Section 131Section 250Section 271(1)(c)Section 37Section 68

have heard the parties and perused the materials available on record. During the year under consideration, the assessee received money towards share capital and share premium and the AO called on the assessee to furnish details pertaining to the same. Based on the details furnished by the assessee

INCOME TAX OFFICER, WARD-9(1), KOLKATA, KOLKATA vs. LITTLESTAR SECURITIES PRIVATE LIMITED, KOLKATA

In the result, the appeal of the Revenue is dismissed

ITA 694/KOL/2025[2012-13]Status: DisposedITAT Kolkata06 Mar 2026AY 2012-13
Section 143(3)Section 144BSection 254Section 68

assessee was added to the assessee's\nincome under section 68. On appeal, the Commissioner (Appeals) was satisfied that\nthe share capital and share premium were given through banking channels, that the\nidentity and creditworthiness of the parties were not in doubt, and that the\ntransactions were genuine ... raised by Honesty Dealers Pvt. Ltd., during\nthe financial year 2008-09 towards share capital and share premium. Thereafter, Honesty\nDealers Pvt. Ltd., was subjected to scrutiny proceedings and vide order dt. 12-3-2015,\npassed under section 144/263/143 (3)/147 of the Act, the said

V Y INSTITUTE OF MEDICAL SCIENCE PRIVATE LIMITED, RAIPUR,RAIPUR vs. ACIT-1(1), RAIPUR, RAIPUR

In the result, this appeal of assessee is allowed for statistical purposes

ITA 480/RPR/2025[2016-17]Status: DisposedITAT Raipur05 Mar 2026AY 2016-17

Bench: Shri Partha Sarathi Chaudhury, Jm & Shri Avdhesh Kumar Mishra, Am

For Appellant: Shri Tanmay Jain, CAFor Respondent: Dr. Priyanka Patel, Sr. DR
Section 250Section 250(6)Section 68

prejudice to the above, the Ld. CIT(A) erred in confirming the addition of Rs.2,32,49,970/- on account of share capital and share premium invoking sec. 68, which is arbitrary, unreasonable, and not justified. 3. The appellant reserves the right to add, amend or modify

CHITRAKOOT TRADELINE PRIVATE LIMITED,KOLKATA vs. NATIONAL FACELESS ASSESSMENT CENTRE, DELHI

In the result, the appeal of the assessee is allowed

ITA 193/KOL/2025[2012-13]Status: DisposedITAT Kolkata26 Feb 2026AY 2012-13

Bench: Shri Rajesh Kumar, Am & Shripradip Kumar Choubey, Jm Chitrakoot Tradeline Private Limited National Faceless Assessment C/O Agarwal Vishwanath & Centre, Associates, 2Nd Floor, E-Ramp, Jawaharlal Vs. 133/1/1A, S.N. Banerjee Road, Nehtru Road, New Delhi-110003 Pushkal Bhawan, 3 Rd Floor, Kolkata-700103, West Bengal (Appellant) (Respondent) Pan No. Aabcc3130H Assessee By : S/Shri Deep Agarwal & Shubhankar Ghosh, Ars Revenue By : Shri Santanu Ghosh, Dr Date Of Hearing: 22.01.2026 Date Of Pronouncement: 26.02.2026

For Appellant: S/Shri Deep Agarwal &For Respondent: Shri Santanu Ghosh, DR
Section 142(1)Section 143(3)Section 144BSection 68

holding as under:- “5.3 The appellant disputes the addition of Rs. 2,95,60,000 under section 68, arguing that the share capital and share premium were genuine transactions backed by valid documentation. The appellant provided details of share allottees, including their PAN, audited financials, and evidence ... claims. The appellant has failed to discharge the burden of proof under section 68. The AO's decision to treat the share capital and share premium as unexplained cash credits is justified, and the addition is upheld. 5.4 The appellant argues that section 68 should not apply

M/S. ARMSTRONG ENERGY PVT LTD ,MUMBAI vs. THE DCIT 6(1)(1), MUMBAI

ITA 3395/MUM/2025[2008-09]Status: DisposedITAT Mumbai16 Feb 2026AY 2008-09

Bench: Hon’Ble Shri Sandeep Gosain & Hon’Ble Shri Prabhash Shankarm/S Armstrong Energy Pvt. Vs. Dcit 6(1) (1), Mumbai Ltd. Room No. 504, 5Th 5Th Floor, Militia Apartment, Floor, Aayakar Bhavan, Mathur Pakhadi Road, M.K. Road, Mazgaon, Mumbai 400020 Mumbai - 400010 Pan/Gir No. Aafca3807R (Applicant) (Respondent) Acit 6(1) (1), Mumbai Vs. M/S Armstrong Energy Pvt. Room No. 504, 5Th Floor, Ltd. Aayakar Bhavan, M.K. 5Th Floor, Militia Road, Apartment, Mathur Mumbai 400020 Pakhadi Road, Mazgaon, Mumbai - 400010 Pan/Gir No. Aafca3807R (Applicant) (Respondent) Assessee By Shri Nishit Gandhi Revenue By Shri Rajesh Kumar Yadav (Cit-Dr) Date Of Hearing 10.12.2025 Date Of Pronouncement 16.02.2026 आदेश / Order Per Sandeep Gosain, Jm: M/S. Armstrong Energy Pvt. Ltd.

Section 143(1)Section 143(3)Section 144Section 147Section 148Section 151(2)Section 251(1)(a)Section 68

Shri Praveen Kumar Jain and had obtained accommodation entries from such concerns. It was further alleged that the assessee had received share capital and share premium from certain entities floated by Shri Ashish Chokhani, the details of which have been mentioned in paragraphs

ACIT-6(1)(1), MUMBAI, MUMBAI vs. ARMSTRONG ENERGY PVT. LTD., MUMBAI

ITA 2940/MUM/2025[2008-09]Status: DisposedITAT Mumbai16 Feb 2026AY 2008-09

Bench: Hon’Ble Shri Sandeep Gosain & Hon’Ble Shri Prabhash Shankarm/S Armstrong Energy Pvt. Vs. Dcit 6(1) (1), Mumbai Ltd. Room No. 504, 5Th 5Th Floor, Militia Apartment, Floor, Aayakar Bhavan, Mathur Pakhadi Road, M.K. Road, Mazgaon, Mumbai 400020 Mumbai - 400010 Pan/Gir No. Aafca3807R (Applicant) (Respondent) Acit 6(1) (1), Mumbai Vs. M/S Armstrong Energy Pvt. Room No. 504, 5Th Floor, Ltd. Aayakar Bhavan, M.K. 5Th Floor, Militia Road, Apartment, Mathur Mumbai 400020 Pakhadi Road, Mazgaon, Mumbai - 400010 Pan/Gir No. Aafca3807R (Applicant) (Respondent) Assessee By Shri Nishit Gandhi Revenue By Shri Rajesh Kumar Yadav (Cit-Dr) Date Of Hearing 10.12.2025 Date Of Pronouncement 16.02.2026 आदेश / Order Per Sandeep Gosain, Jm: M/S. Armstrong Energy Pvt. Ltd.

Section 143(1)Section 143(3)Section 144Section 147Section 148Section 151(2)Section 251(1)(a)Section 68

Shri Praveen Kumar Jain and had obtained accommodation entries from such concerns. It was further alleged that the assessee had received share capital and share premium from certain entities floated by Shri Ashish Chokhani, the details of which have been mentioned in paragraphs

HOLLIS VITRIFIED PRIVATE LIMITED,MORBI, GUJARAT, INDIA vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX - 1, RAJKOT, RAJKOT, GUJARAT, INDIA

In the result, appeal filed by the assessee, is dismissed

ITA 363/RJT/2024[2018-19]Status: DisposedITAT Rajkot12 Feb 2026AY 2018-19

Bench: Dr. Arjun Lal Saini & Dr. Dinesh Mohan Sinhaआयकरअपीलसं./Ita No. 363/Rjt/2024 (Assessment Year: 2018-19) (Hybrid Hearing) Hollis Vitrified Pvt. Ltd. Vs. The Pr. Commissioner Of Income Revenue Survey No. 756/P1/P1/P1, Opp. Tax-1, Rajkot Antique Granito, Ghuntu,-Lakhdhirpur Road, Morbi (Gujarat)-363642 "ायीलेखासं./जीआइआरसं./Pan/Gir No.: Aacch5628Q (अपीलाथ"/Appellant) (""थ"/Respondent)

For Appellant: Shri Fenil H. Mehta, Ld. ARFor Respondent: Shri Sanjay Punglia, CIT-DR
Section 143(3)Section 263Section 68

tune of Rs. 10,15,00,000/- in financial year (F.Y.) 2017-18. It was further observed by ld.PCIT that share capital and share premium and unsecured loans has been received from 30 persons. Although the assessment record contains the names of all the 30 persons, however ... assessee-company by way of share-capital and unsecured-loans. The unsecured loan is very much connected with the share capital and share premium and therefore the assessee has failed to prove the genuineness and creditworthiness of share capital as well as unsecured loans

ROHAN LANDSCAPE PRIVATE LIMITED,MUMBAI vs. THE PRINCIPLE COMMISSIONER OF INCOME TAX, , MUMBAI

In the result, the appeal filed by the assessee is allowed

ITA 3635/MUM/2025[2020-21]Status: DisposedITAT Mumbai10 Feb 2026AY 2020-21

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI ARUN KHODPIA (Accountant Member)

Section 139(1)Section 142(1)Section 143(2)Section 263Section 3

capitalisation, and rates of depreciation were placed on record. 6 Rohan Landscape Private Limited 10. As regards the increase in share capital and share premium amounting to ₹29,16,68,159, the assessee explained that equity shares had been issued during the year to existing shareholders

DCIT, VIKASH BHAWAN DELHI vs. RAJAN KUMAR, LAXMI NAGAR,DELHI

In the result, the appeal of the Revenue appeal is dismissed and the cross objection filed by the assessee is allowed in the aforesaid manner

ITA 130/DEL/2025[2012-13]Status: DisposedITAT Delhi06 Feb 2026AY 2012-13

Bench: Shri Sudhir Kumar & Smt. Renu Jauhridcit Vs Rajan Kumar Room No. 218-D Block, 31,Vijay Block Laxmi Vikash Bhawan, Nagar Delhi-110092 Delhi- 110 002 Pan: Caapk8381E

Section 132Section 142(1)Section 143(1)Section 147Section 148Section 69A

entry to M/s Skylark Group. In the information received from the Investigation Wing, it is mentioned that assessee has received the share capital and share premium. A perusal of the reasons for reopening of the case for the impugned assessment year shows that the re-opening was made

SHREE SALASAR COMMERCIAL COMPANY PRIVATE LIMITED,WEST BENGAL vs. I.T.O WARD 10(1), KOLKATA, WEST BENGAL

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

ITA 1131/KOL/2024[2012-13]Status: DisposedITAT Kolkata30 Jan 2026AY 2012-13

Bench: Shri George Mathan & Shri Rakesh Mishra

Section 143(3)Section 250Section 68

directors of the investment companies/the share applicants. In the absence of adequate evidence for justifying the source of the share capital and share premium, the Ld. AO shall be at liberty to draw an adverse inference. 6. In the result, the appeal filed by the assessee

M/S RB GLOBAL AGRI TRADING P LTD ,INDORE vs. ITO 8(1) (1), MUMBAI

In the result, the appeal filed by the assessee is hereby dismissed

ITA 181/IND/2021[2014-15]Status: DisposedITAT Mumbai29 Jan 2026AY 2014-15

Bench: Shri Vikram Singh Yadav, Am & Ms. Kavitha Rajagopal, Jm

For Appellant: None
Section 143(2)Section 143(3)Section 250Section 68

after making an addition of Rs.2,10,86,000/- as unexplained cash credit u/s 68 of the Act towards share capital including share premium received from M/s. Vijeta Trading Pvt. Ltd. which according to the Ld. AO was a mere bogus transaction by way of accommodation entry where ... substantiate its claim that the transaction is genuine by cogent documentary evidences, the Ld. AO made an addition towards the share capital and share premium as unexplained cash credit u/s 68 of the Act. Before the first appellate authority, the assessee has again failed to establish the identity

M/S RITEBABC AGRITECH SOLUTION P LTD,INDORE vs. DCIT ,CIRLE 8(1) (1) MUMBAI, MUMBAI

In the result, the appeal filed by the assessee is hereby dismissed

ITA 180/IND/2021[2014-15]Status: DisposedITAT Mumbai29 Jan 2026AY 2014-15

Bench: Shri Vikram Singh Yadav, Am & Ms. Kavitha Rajagopal, Jm

For Appellant: None
Section 143(2)Section 143(3)Section 250Section 68

after making an addition of Rs.2,10,86,000/- as unexplained cash credit u/s 68 of the Act towards share capital including share premium received from M/s. Vijeta Trading Pvt. Ltd. which according to the Ld. AO was a mere bogus transaction by way of accommodation entry where ... substantiate its claim that the transaction is genuine by cogent documentary evidences, the Ld. AO made an addition towards the share capital and share premium as unexplained cash credit u/s 68 of the Act. Before the first appellate authority, the assessee has again failed to establish the identity

M/S RITEBABC AGRITECH SOLUTION P LTD,INDORE vs. DCIT ,CIRLE 8(1) (1) MUMBAI, MUMBAI

In the result, the appeal filed by the assessee is hereby dismissed

ITA 179/IND/2021[2013-14]Status: DisposedITAT Mumbai29 Jan 2026AY 2013-14

Bench: Shri Vikram Singh Yadav, Am & Ms. Kavitha Rajagopal, Jm

For Appellant: None
Section 143(2)Section 143(3)Section 250Section 68

after making an addition of Rs.2,10,86,000/- as unexplained cash credit u/s 68 of the Act towards share capital including share premium received from M/s. Vijeta Trading Pvt. Ltd. which according to the Ld. AO was a mere bogus transaction by way of accommodation entry where ... substantiate its claim that the transaction is genuine by cogent documentary evidences, the Ld. AO made an addition towards the share capital and share premium as unexplained cash credit u/s 68 of the Act. Before the first appellate authority, the assessee has again failed to establish the identity

ANANT KESHAV RAJEGAONKAR,NASHIK vs. THE ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 2, NASHIK, NASHIK

ITA 1252/PUN/2024[2015-16]Status: DisposedITAT Pune28 Jan 2026AY 2015-16

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.1249 To 1252/Pun/2024 Assessment Years : 2013-14, 2014-15 & 2015-16

For Appellant: Shri Pramod S ShingteFor Respondent: Shri Amol Khairnar
Section 143(3)Section 251(2)Section 68

deleting the addition u/s 68 of the Act made for alleged unexplained share application money in the form of share capital and share premium amounting to Rs.7,26,50,000/-. During the year, the assessee company received share capital including share premium of Rs.7

ANANT KESHAV RAJEGAONKAR,NASHIK vs. THE ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 2, NASHIK, NASHIK

ITA 1251/PUN/2024[2014-15]Status: DisposedITAT Pune28 Jan 2026AY 2014-15

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.1249 To 1252/Pun/2024 Assessment Years : 2013-14, 2014-15 & 2015-16

For Appellant: Shri Pramod S ShingteFor Respondent: Shri Amol Khairnar
Section 143(3)Section 251(2)Section 68

deleting the addition u/s 68 of the Act made for alleged unexplained share application money in the form of share capital and share premium amounting to Rs.7,26,50,000/-. During the year, the assessee company received share capital including share premium of Rs.7

ANANT KESHAV RAJEGAONKAR,NASHIK vs. THE ASSTT. COMMISSIONER OF OF INCOME TAX , CENTRAL CIRCLE - 2, NASHIK, NASHIK

ITA 1250/PUN/2024[2014-15]Status: DisposedITAT Pune28 Jan 2026AY 2014-15

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.1249 To 1252/Pun/2024 Assessment Years : 2013-14, 2014-15 & 2015-16

For Appellant: Shri Pramod S ShingteFor Respondent: Shri Amol Khairnar
Section 143(3)Section 251(2)Section 68

deleting the addition u/s 68 of the Act made for alleged unexplained share application money in the form of share capital and share premium amounting to Rs.7,26,50,000/-. During the year, the assessee company received share capital including share premium of Rs.7

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