HC dismisses revenue appeal against addition on protective basis as substantive addition deleted

PCIT Vs Electrical And Electronic India Ltd. (Delhi High Court) Delhi High Court Dismisses Revenue’s Appeal Against Protective Basis Addition in PCIT vs. Electrical and Electronic India Ltd. Introduction: The Delhi High Court recently dismissed an appeal by the revenue against the order dated 18.04.2023 passed by the Income Tax Appellate Tribunal (Tribunal) concerning the Assessment Year (AY) 2010-11. The appeal challenged the Commissioner of Income Tax (Appeals) (CIT(A))’s decision on AYs 2010-11 to 2012-13, specifically addressing the deletion of additions under Section 69 of the...