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2016 (5) TMI 696 - DELHI HIGH COURTAddition u/s 69A - Held that:- Assessee has no valid explanation regarding the source of his income for making gifts to the tune of ₹ 1.8 crores during the AY in question. The person he named as the source was an accommodation entry provider. The addition was made on substantive basis in the hands of Mr. Amar Khosla and on protective basis in the Appellant's hands. The addition in Mr Khosla's hands could not be sustained since the re-opening of his assessment was set aside on technical grounds. The Court is unable to find any legal infirmity in the impugned order of the ITAT sustaining the additions in the hands of the Appellant under Section 69A of the Act. No question of law arises for determination.
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