Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2013 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (4) TMI 194 - DELHI HIGH COURTAddition U/s 69 - unexplained investment - Assessee had disclosed that it had paid a sum of Rs.41.80 crores, in fact, it had purchased assets worth Rs.64.38 crores - Held that:- Tribunal had gone to the extent of examining the books of the respondent/ assessee and confirming that the opening entries in the books of the assessee after the slump purchase had shown the assets at Rs.64.38 crores as a result of transfer from Dhillon Kool to the respondent/ assessee. The entire extent of Rs.64.38 crores had been accepted both by the Commissioner of Income Tax (Appeals) as also by the Tribunal. These are clear findings of fact and, therefore, cannot be disturbed unless and until some perversity is pointed. - Decided against the revenue.
|