Vidya Buildcon Private Ltd. vs. ITO-8(3)(3)
Case No: ITA Nos. 4654 & 4650/Mum/2024
Court: Income Tax Appellate Tribunal, 'F' Bench, Mumbai
Date: 1/20/2026
Parties Involved
appellantVidya Buildcon Private Ltd.
respondentITO-8(3)(3)
Facts Summary
The assessee, Vidya Buildcon Private Ltd., is a Private Limited Company engaged in trading and investment. For the Assessment Year 2010-11, an addition of Rs. 3,44,47,000/- was made under section 68 due to share premium received on the issue of 70,300 equity shares at a premium of Rs. 490/- per share. For the Assessment Year 2011-12, an addition of Rs. 1,94,04,000/- was made under section 68 for share premium on the issue of 19,600 equity shares at a premium of Rs. 990/- per share. The assessee …
Decision in favour of
Assessee
Legal Issues
- 1. Applicability of section 56(2)(viib) and Rule 11UA for AY 2010-11 and AY 2011-12
Precedents Relied Upon
2 precedents cited in this judgement.