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ITAT Deletes ₹6 Cr Addition as Share Sale Transactions Were Through Banking Channels
Case Law Details
- Case Name
- ACIT Vs Jotindra Steel & Tubes Ltd. (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Delhi
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ACIT Vs Jotindra Steel & Tubes Ltd. (ITAT Delhi)
ITAT Rejects Unexplained Cash Addition Due to Lack of Direct Evidence; ITAT Rules Share Sale Proceeds Cannot Automatically Be Treated as Cash Credits; ITAT Upholds Deletion of Addition Based on Alleged Accommodation Entry Transactions; ITAT Accepts Foreign Share Application Money Supported by RBI Compliance Records; ITAT Says Additions Cannot Be Made Solely on Presumptions from Seized Excel Files; ITAT Dismisses Revenue Appeal After Finding No Defect in CIT(A)’s Findings; ITAT Holds Section 68 Addition Unsustainable Where ...






