TSI Yatra Pvt. Ltd., Gurgaon Vs Addl. CIT, Range-25, New Delhi

Last updated: 16 December 2020
Quick Summary
This case involves TSI Yatra Pvt Ltd appealing against an Income Tax Appellate Tribunal order concerning the assessment year 2014-2015. The company disputes the confirmation of additions made by the Assessing Officer (AO) to its returned income. Specifically, the appeal challenges the AO's decision to invoke Section 56(2)(viib) of the Income Tax Act, deeming shares issued at a premium as income exceeding fair market value.

Court :
ITAT New Delhi

Brief :
The aforesaid appeal has been filed by the assessee aggrieved against impugned order, dated 21st December 2018, passed by Ld. CIT (Appeals)- IX, New Delhi for the quantum of assessment passed u/s. 143(3) for the assessment year 2014-15. The Appellant-Assessee has challenged the impugned order on following grounds:

Citation :
I.T.A. No.1068/DEL/2019

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