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Pr. Commissioner of Income Tax (Central) Versus Dhamaka Trading & Construction Pvt. Ltd.

2017 (5) TMI 785 - DELHI HIGH COURT

Addition u/s 68 - Held that:- AO has made no additions under Section 68 of the Act even in the case of Rapid Packaging Ltd. which is one more of the 'conduit companies' like the Assessee herein. - Decided in favour of assessee. - ITA 675/2016 - Dated .....

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stated therein, the applications are allowed. Delay of 10 days in filing and 15 days in re-filing the appeal is condoned. ITA No.675/2016 1.This appeal by the Revenue under Section 260A of the Income Tax Act, 1961 ( the Act ) is directed against the .....

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was framed: Whether in the facts of the case, the findings of the ITAT with respect to the inapplicability of the Section 68 of the Income Tax Act were justified and sustainable". 3. Mr. Krishnan, learned counsel for the Respondent Assessee, dr .....

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e Tax Settlement Commission regarding providing of accommodation entries to beneficiaries through several conduit companies and obtaining of commission/brokerage was examined. The said disclosure was made by Mr Gupta consequent upon a survey operatio .....

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the order of the ITAT deleting the additions in their hands under Section 68 of the Act did not suffer from any legal infirmity. The Revenue's appeal was dismissed and thereby an order dated 28th January 2015 of the ITAT in a batch of appeals was .....

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Ltd.) Thus the Court affirmed the order dated 28th January 2015 of the ITAT in ITA No. 3477/Del/2013. 5. However another bench of the ITAT made a departure in its order dated 22nd April 2015 in ITA No. 3576/Del/2013 while dealing with the appeal of .....

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the case was covered by such disclosure. 6. In the case on hand, the ITAT has by the impugned order dated 2nd February 2016 followed its earlier decision dated 28th January 2015 in ITA 3477/Del/2013 and deleted the additions made by the AO in the han .....

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