ITAT Delhi Deletes IDS Addition as Income Was Taxed in Wrong Assessment Year

Advertisement Daffodills Pharmaceuticals Ltd. Vs DCIT (ITAT Delhi) In Daffodills Pharmaceuticals Ltd. Vs DCIT, the ITAT Delhi allowed the appeal of the assessee and deleted an addition made in reassessment proceedings relating to income declared under the Income Declaration Scheme, 2016 (IDS-2016). The assessee company had filed its return of income under Section 139(1) of the Income Tax Act for Assessment Year 2013-14 on 26.09.2013 declaring income of Rs.35,07,225/-. Subsequently, under the IDS-2016 Scheme, the assessee disclosed undisclosed income of Rs.2,03,17,850/- for AY 2013-14 on 28....