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2022 (12) TMI 858 - HC - Income TaxAddition u/s 68 - unexplained credit - sale of penny stock company - bogus Long-Term Capital Gain - ITAT deleted the addition - HELD THAT:- Revenue has mentioned in the present appeal that the issue involved is covered by the judgment of this Court in Suman Poddar [2019 (9) TMI 1089 - DELHI HIGH COURT] wherein appeal of the Assessee was dismissed taking judicial notice of the fact that there was an astronomical increase in the share price of a company which was not commensurate with the financial parameters of the said company, yet this Court finds that a Coordinate Bench of this Court in PCIT vs. Smt. Krishna Devi [2021 (1) TMI 1008 - DELHI HIGH COURT] & connected ITAs has upheld the ITAT order which is impugned in the present appeal. ITAT, being the last fact-finding authority, on the basis of the evidence brought on record, has rightly come to the conclusion that the lower tax authorities are not able to sustain the addition without any cogent material on record. We thus find no perversity in the Impugned Order - no substantial question of law arises.
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