Case Law Details
PCIT (Central) Vs Agson Global Pvt. Ltd. (Delhi High Court)
1. Dismissing a bunch of appeals against deletion of addition u/s 68 towards Share capital/ share premium, bogus purchases and deposit in bank account, the Hon’ble Delhi High Court vide judgment delivered on 19.01.2022 (yesterday) has held that where the ITAT decided the matter based on appreciation of evidences placed on record and the order of ITAT not being challenged on ground of perversity, no substantial question of law arises.
2. It also held that the investigation wing directed the A O to frame the assessment in a manner that would protect the revenue’s interest.
3. The A O performs a quasi judicial function while framing an assessment. The revenue can not dictate the manner, in which, the A O frames the assessment order.
FULL TEXT OF THE JUDGMENT/ORDER OF DELHI HIGH COURT
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