PRINCIPAL COMMISSIONER OF INCOME TAX CENTRAL 2 KOLKATA vs. M/S KUNJAL SYNERGIES PRIVATE LIMITED

The appeal is dismissed

Bench: : The Hon'Ble Justice Rajarshi Bharadwaj & The Hon’Ble Justice Uday Kumar Date : 1St December, 2025

56(2)(viib) of the Act which provides for addition of income if the shiures issued at a price which is higher than fair market value of the shares but the same is effective from AY-2013-14 and not the year under consideration which has been settled by various judicial forums. The Ld. A.R also referred to the worth