Dismissed
Principal Commissioner of Income TAX(CENTRAL)-3 v. Gahoi Chemicals Pvt. Ltd.
Delhi HCITA/301/2018
Case brief
AI extract
What is this about?
The Delhi High Court dismissed the Revenue's appeal against the ITAT's order deleting Section 68 additions made during a search. The Court held that since the assessment relied on pre-existing materials rather than fresh incriminating material seized during the search, the Tribunal was correct to follow Kabul Chawla.
What did the court decide?
The appeal filed by the Revenue was dismissed; pending applications were disposed of.