2020 (1) TMI 517 - SC - 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) and ITAT deleted the additions - HELD THAT - No reason to interfere in the matter. The special leave petition is, accordingly, dismissed.

Summary

The Supreme Court of India dismissed the special leave petition as there was no reason to interfere in the matter. Delay was condoned and pending applications were disposed of. (Citation: 2020 (1) TMI 517 - Supreme Court)