2021 (2) TMI 1388 - HC - Income Tax

Assessment u/s 153A - Bogus LTCG - statement recorded in search action against a third person - whether a statement u/s 132(4) constitutes incriminating material for carrying out assessment u/s 153(A) ? - ITAT deleted the addition - HELD THAT - The counsel for the appellant revenue informs that the order impugned in these appeals is the common order against which 2019 (7) TMI 1758 - ITAT DELHI and other connected appeals were also preferred and which were disposed of 2021 (3) TMI 8 - DELHI HIGH COURT These appeals are also disposed of in terms of the order supra and other connected appeals.

Summary

The High Court of Delhi, with Justices Rajiv Sahai Endlaw and Sanjeev Narula, heard an appeal where the appellant's counsel, Mr. Ajit Sharma, stated that the impugned order dated July 30, 2019, was disposed of on February 12, 2021, in ITA No. 23/2021 and related appeals. The appeals were also disposed of in line with the February 12, 2021 order.