2017 (3) TMI 1830 - HC - Income Tax

Addition u/s 68 - statements made by the assessee s Directors in the course of search under Section 132 - HELD THAT - Following question of law arises for consideration in these appeals - Did the ITAT fall into error in holding that the additions made under Section 68 of the Income Tax Act, 1961, on account of the statements made by the assessee s Directors in the course of search under Section 132 of the Act were not justified.

Summary

The Delhi High Court admitted the case for consideration. The question of law is whether the ITAT erred in not justifying additions made under Section 68 of the Income Tax Act based on statements by the assessee's Directors during a search under Section 132. The case was listed for further hearing on 31st July, 2017.