2024 (4) TMI 607 - SCH - Income Tax

Addition u/s 68 - unexplained credit brought to tax - Addition u/s 2(2)(e) - amounts secured as loan were treated as deemed dividend - HC 2018 (2) TMI 2113 - DELHI HIGH COURT deleted both the additions as done by ITAT and decided the appeal in favour of assessee. HELD THAT - As we are of the view that the judgment of the High Court does not warrant interference. Hence, the Special Leave Petition is dismissed.

Summary

Title: Supreme Court dismisses Special Leave Petition

Judges: Hon'ble Mr. Justice Pamidighantam Sri Narasimha and Hon'ble Mr. Justice Aravind Kumar

Representation:
- For Petitioner: Mr. Vikramjit Bannerjee, Mr. Rupesh Kumar, Ms. Nisha Bagchi, Mr. Raj Bahadur Yadav, Mr. Siddharth Sinha, Mr. Prasanjeet Mahapatra, Mr. Dharmendra Singh, Ms. Sunita Singh
- For Respondent: Mr. Y K Kapur, Mr. Bhushan Kapur, Mr. Amrendra Kumar Mehta

Decision: The Court, after hearing the counsel, dismissed the Special Leave Petition as the judgment of the High Court did not warrant interference. Pending applications, if any, were disposed of.