2019 (9) TMI 927 - SCH - Income Tax

Assessment u/s 153A - allegation of generation of unaccounted money and also transfer of such money in exchange of share capital - proving any accommodation entry - reliance on third party statement - CIT(A), ITAT and HC deleted the additions - HELD THAT - Delay condoned. The special leave petitions are dismissed.

Summary

The Supreme Court dismissed the special leave petitions and condoned the delay. Pending applications were also disposed of. Key names mentioned: Mr. Sanjay Jain, Mr. H.R. Rao, Mr. Arijit Prasad, Mrs. Anil Katiyar.