M/S JR FIBER GLASS INDUSTRIES PVT LTD,MUMBAI vs. NATIONAL FACELESS APPEAL CENTRE, MUMBAI

In the result, the appeal of the assessee is allowed

133(6) were\nissued and the assessee was asked to produce the share applicant\nfor verification, however the assessee did not produce them and\nthat the assessee's claim of the share premium as share premium\nas capital receipt is an alternate ground and is not acceptable and\nsection 68 of the Act speaks of any sum credited