https://www.taxtmi.com/caselaws?id=767611 ITAT Delhi upheld CIT(A)'s deletion of additions in two matters. First, regarding interest earned during business setup, the tribunal found interest deposits were inextricably linked with plant establishment, applying Bokaro Steels Limited precedent. Second, concerning share premium disallowance, the tribunal confirmed that allotment to existing shareholders at Rs.2/- per share premium could not be questioned on identity/creditworthiness grounds, especially when same premium was accepted in preceding year and DCF valuation method was properly applied. Revenue's appeal dismissed. en-us Wed, 19 Mar 2025 00:00:00 +0530 Fri, 21 Mar 2025 08:25:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767611 ITAT Delhi upheld CIT(A)'s deletion of additions in two matters. First, regarding interest earned during business setup, the tribunal found interest deposits were inextricably linked with plant establishment, applying Bokaro Steels Limited precedent. Second, concerning share premium disallowance, the tribunal confirmed that allotment to existing shareholders at Rs.2/- per share premium could not be questioned on identity/creditworthiness grounds, especially when same premium was accepted in preceding year and DCF valuation method was properly applied. Revenue's appeal dismissed. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767611