2023 (4) TMI 417 - HC - Income Tax

Additions u/s 68 - assessment u/s 153A - substantial question of law - Additions towards investment into share capital on the strength of the documents found at the resident of the Director of petitioner/Company. - AO treated this as unaccounted money of Directors utilized by the Directors of assessee/company to get shares capital accommodation entry from these to investors company at Mumbai. - HELD THAT:- After having gone through the order of Assessing Officer, CIT(A) and the Tribunal, this Court is of the view that the entire findings of Assessing Officer as well as the Tribunal are based on facts which do not appear to give rise to any substantial question of law, in the absence of which the appeal under Section 260A of the IT Act cannot be entertained.

Decided against the assessee.