Delhi HC Rejects Appeals Over Income Tax Addition

PCIT Vs  C J International Hotels Ltd. (Delhi High Court) The Delhi High Court has made a significant decision regarding appeals numbered ITA No. 504/2023 and ITA No. 505/2023. These appeals challenged the income tax addition made by the Assessing Officer. The court’s stance and the pending Special Leave Petition (SLP) are crucial aspects of this case. Detailed Analysis: In this case, the Assessing Officer had made substantial additions to the income, totaling Rs. 6,96,49,798/-, for each of the Assessment Years (AYs) 2013-14 and 2014-15. The reason behind these additions was the categor...