2018 (8) TMI 444 - SCH - Income Tax

Additions made u/s. 68 - undisclosed income of the assessee - share application did not have the means to make investment - Tribunal deleted the addition - HC held no direct or indirect relation between the assessee company and the share applicants - Held that - SLP dismissed.

Summary

The Supreme Court of India in 2018 dismissed the Special Leave Petition after condoning the delay. Justices Rohinton Fali Nariman and Abhay Manohar Sapre delivered the order. Counsel for the petitioner included Ms. Pinky Anand, Mr. K. Radhakrishnan, Ms. Nisha Bagchi, Ms. Kirti Dua, Ms. Gargi Khanna, and Mrs. Anil Katiyar.