Refiral Solutions Pvt. Ltd. Vs Income Tax Officer, Ward-3(5), Gurgaon
Case No: ITA No. 8306/Del/2025
Court: Income Tax Appellate Tribunal Delhi Bench ‘SMC’, New Delhi
Date: 1/20/2026
Parties Involved
appellantRefiral Solutions Pvt. Ltd.
respondentIncome Tax Officer, Ward-3(5), Gurgaon
Facts Summary
The case involves Refiral Solutions Pvt. Ltd., a company in which the public are not substantially interested, issuing 3,332 shares to M/s. Cogent E-Services Pvt. Ltd. at a face value of Rs.10 per share but with a premium of Rs.5,990 per share. The company received Rs.29,98,800 for these shares, which included Rs.10 towards face value and Rs.890 as premium per share. The assessing officer added Rs.30,98,800 to the total income as unexplained investment under section 56(2)(viib) of the Income Tax…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the addition of Rs.30,98,800/- as unexplained investment under section 56(2)(viib) is justified.
Precedents Relied Upon
1 precedent cited in this judgement.