This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
₹9.99 Cr Addition Deleted Due to Absence of Incriminating Material in Search Proceedings
Case Law Details
- Case Name
- DCIT Vs Whitelotus Solar Private Limited (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Chennai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
DCIT Vs Whitelotus Solar Private Limited (ITAT Chennai)
The ITAT Chennai examined a revenue appeal against the order of the Commissioner of Income Tax (Appeals) [CIT(A)] for Assessment Year 2015–16, concerning deletion of an addition of ₹9.99 crore made under Section 68 of the Income-tax Act in respect of preference share capital. The addition was originally made by the Assessing Officer (AO) in proceedings under Section 153A read with Section 143(3) following a search conducted in 2019 in the group to which the assessee belonged.
The assessee had initially filed its retur...
Author Info
