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Section 68 Addition Deleted as Assessee Proved Identity, Creditworthiness & Genuineness
Case Law Details
- Case Name
- Nivaya Resources Private Limited Vs DCIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2020-21
- Courts
- All ITAT, ITAT Delhi
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Nivaya Resources Private Limited Vs DCIT (ITAT Delhi)
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) disposed of the assessee’s appeals for Assessment Years (AYs) 2020-21 and 2021-22 involving transfer pricing adjustments, addition under Section 68, and disallowance of education cess. For AY 2020-21, the Tribunal dealt with four issues, while for AY 2021-22 it considered transfer pricing adjustments relating to import of coal and interest on receivables.
The first substantive issue for AY 2020-21 concerned an addition of ₹25.50 crore under Section 68 in re...
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