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2023 (11) TMI 657 - HC - Income TaxAddition u/s 69 - unexplained investments made in the JP Minda Group of companies - addition in the hands of respondent/assessee was made on a protective basis and substantive addition had been made in the hands of the JP Minda Group - HELD THAT:- The sum and substance of the judgment [2022 (9) TMI 1330 - DELHI HIGH COURT] passed by a coordinate bench was that the substantive addition made in the hands of the JP Minda Group was dropped, albeit, on merits. Revenue, correctly points out that the addition was dropped on the basis of a judgment passed by a coordinate Bench of this court in Commissioner of Income Tax vs. Kabul Chawla [2015 (9) TMI 80 - DELHI HIGH COURT] To be noted, the said judgment has been affirmed by the Supreme Court in Principal Commissioner of Income Tax vs. Abhisar Buildwell [2023 (4) TMI 1056 - SUPREME COURT] Tribunal dismissed the appeal preferred by the appellant/revenue, having regard to the fact that the substantive addition on merits was dropped. As indicated above, the addition in the hands of the respondent/assessee was only made on a protective basis. In these circumstances, we are of the view that no substantial question of law arises for consideration by this court.
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