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₹58.73 Cr Addition Set Aside as Search Yielded No Evidence Supporting Alleged Sham Transactions

Case Law Details

Case Name
DCIT Vs Dalmia Family Office Trust (ITAT Delhi)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2017-18
Advertisement DCIT Vs Dalmia Family Office Trust (ITAT Delhi) The appeals filed by the Revenue before the Income Tax Appellate Tribunal (ITAT), Delhi were directed against separate orders of the Commissioner of Income Tax (Appeals) [CIT(A)-23], New Delhi concerning assessment years (AYs) 2017–18, 2018–19, and 2019–20. Since the issues raised in all the appeals were similar except for differences in the figures of additions, the Tribunal considered the facts of AY 2017–18 as the lead case. The Revenue challenged the order of the CIT(A) which had deleted additions amounting to ₹58,7...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,775

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