₹58.73 Cr Addition Set Aside as Search Yielded No Evidence Supporting Alleged Sham Transactions

DCIT Vs Dalmia Family Office Trust (ITAT Delhi) The appeals filed by the Revenue before the Income Tax Appellate Tribunal (ITAT), Delhi were directed against separate orders of the Commissioner of Income Tax (Appeals) [CIT(A)-23], New Delhi concerning assessment years (AYs) 2017–18, 2018–19, and 2019–20. Since the issues raised in all the appeals were similar except for differences in the figures of additions, the Tribunal considered the facts of AY 2017–18 as the lead case. The Revenue challenged the order of the CIT(A) which had deleted additions amounting to ₹58,73,04,576 made by ...