IN THE INCOME TAX APPELLATE TRIBUNAL BENCH-RANCHI VIRTUAL HEARING AT KOLKATA Before Shri Sonjoy Sarma, Judicial Member and Shri Ratnesh Nandan Sahay, Accountant Member I.T.A. No.49/Ran/2024 Assessment Year: 2014-15 Kameshwar Alloys And Steels Pvt. Ltd….…............................……….……Appellant

128/3, Hazra Road, Bhawanipur, Kol-700026..

[PAN: AADCK6558K]

vs.

ACIT, CC-1, Ranchi.................……….…..….........……........……...…..…..Respondent Appearances by:

Shri Devesh Poddar, Adv., appeared on behalf of the appellant.

Shri Md. Shadab Ahmed, DR, appeared on behalf of the Respondent.

Date of concluding the hearing : December 16, 2025 Date of pronouncing the order : January 14, 2026 ORDER Per Sonjoy Sarma, Judicial Member:

This appeal filed by the assessee is directed against the order of the CIT(A)-3, Patna (hereinafter referred to as “CIT(A)”) dated 05.02.2024 passed under Section 250 of the Income-tax Act, 1961 (hereinafter referred to as the “Act”).

2. Brief facts of the case are that the assessee company, filed its return of income for the assessment year under consideration. The case was originally selected for scrutiny on the issue of share capital and share premium received during t