2016 (11) TMI 1617 - SCH - Income Tax

Benefits of section 80P - Deduction u/s. 80P(2)(a)(i) - Unexplained cash credits u/s. 68 - Non granting of deduction u/s. 80P(2) - treating the unexplained credits as income from other sources - HELD THAT - Delay condoned. Leave granted.

Summary

The Supreme Court condoned delay, granted leave, and tagged the case with Civil Appeal No. 3186 of 2015. The judgment was delivered by Hon'ble Mr. Justice Kurian Joseph and Hon'ble Mr. Justice Rohinton Fali Nariman. The legal representatives for the petitioner were Ms. V. Mohana, Mr. Avijit Bhattacharjee, Mr. Ashok Panigrahi, Ms. Shikha Kumari, and Mrs. Anil Katiyar.