Delhi HC Deleted Additions as Seized Document Found Unreliable & Unverified

PCIT Vs Suncity Project Pvt. Ltd. (Delhi High Court) The appeal was filed challenging the order of the Income Tax Appellate Tribunal (ITAT) for Assessment Year 2010–11. The Revenue contended that the Tribunal erred in relying on an earlier High Court decision without considering factual differences, particularly since that earlier case involved Section 153C, whereas the present case involved assessment under Section 143(3). The Revenue further argued that seized material, specifically a computer-generated document recovered from a broker, indicated that part of the transaction was conducted ...