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2024 (1) TMI 217 - DELHI HIGH COURTAddition on protective basis - ITAT sustained CIT(A) order who deleted the addition made by AO, albeit on protective basis, on the ground that a substantive addition was being made against the company in which the respondent/assessee was a director and a sole shareholder - The record shows that comapany Everbez was being proceeded under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 HELD THAT:- Appellant states that the best way forward would be to close the instant appeal, with liberty to the appellant/revenue to approach the Court, in case the appellant/revenue were to fail in the proceedings taken out against the respondent/assessee, concerning Everbez under the 2015 Act. We tend to agree with this above. Accordingly, the appeal is closed with liberty as prayed for. The registry will dispatch a copy of the order to the respondent/assessee via all modes, including email.
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