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Delhi HC Dismisses Section 68 Appeal as Revenue Failed to Show Findings Were Perverse
Case Law Details
- Case Name
- PCIT Vs Hi-Tech Residency Pvt. Ltd (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2009-10
- Courts
- All High Courts, Delhi High Court
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PCIT Vs Hi-Tech Residency Pvt. Ltd (Delhi High Court)
The Revenue filed an appeal before the Delhi High Court against the order of the Income Tax Appellate Tribunal (ITAT) for Assessment Year 2009-10. The appeal raised three substantial questions of law relating to additions made under Section 68 of the Income-tax Act. The issues concerned deletion of an addition of ₹1.30 crore towards share capital, reduction of an addition relating to unsecured loans of ₹1,00,01,000 to ₹5,01,000, and deletion of an addition of ₹15 lakh received as earnest money in the absence of an a...





