2024 (10) TMI 432 - SCH - Income Tax

Addition of cash deposit u/s 68 - Ownership of bank accounts and cash deposits - substantial question of law or fact - as decided by HC 2024 (5) TMI 1474 - DELHI HIGH COURT principal argument which was sought to be addressed on this appeal was that various transactions which fell for scrutiny were not undertaken in the accounts of the assessee requires us to delve into facts and which do not even appear to have been either raised or urged before the ITAT. In any case such a course would not be merited bearing in mind the limited scope of this appeal and which stands confined to the consideration of a substantial question of law. HELD THAT - Heard the learned counsel appearing for the petitioner. We are not inclined to interfere with the impugned judgment passed by the High Court. Hence the Special Leave Petition is dismissed

Summary

The Supreme Court dismissed the Special Leave Petition without interference with the impugned judgment passed by the High Court. Delay was condoned, and pending applications were disposed of.