Same addition cannot be made under Both Income Tax & Black Money Act

DCIT Vs Ashok Kumar Singh (ITAT Delhi)

ITAT held that once additions have been made under Black Money Act the same addition cannot be made under Income Tax Act on the same set of facts, therefore, the deletion of the addition by the CIT(A) does not call for any interference.

FULL TEXT OF THE ORDER OF ITAT DELHI

ITA No.426/Del/2022 and 427/Del/2022 are two separate appeals by the revenue preferred against a consolidated order of the CIT(A)-24, New Delhi dated 23.08.2021 pertaining to A.Y.2013-14 and 2014-15.

2. Since common issues are involved in both the appeals they were heard together and are disposed of by this common order for the sake of convenience and brevity.

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