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2017 (1) TMI 774 - SCH - Income Tax
Revision u/s 263 - addition u/s 68 - Held that - As neither the transaction appears to be genuine nor are the applicants of share are creditworthy. We have demonstrated in some detail as to why is the order of the assessing officer erroneous and prejudicial to the revenue. HC order 2016 (5) TMI 801 - CALCUTTA HIGH COURT confirmed - Decided against assessee
The Supreme Court dismissed the special leave petitions as they found no reason to entertain them. Delay was condoned, and pending applications were disposed of.