Case Law Details
Case Name : ITO Vs Meyer Apparel Pvt. Ltd (ITAT Delhi)
Related Assessment Year : 2006-07
Courts :
All ITAT ITAT Delhi
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ITO Vs Meyer Apparel Pvt. Ltd (ITAT Delhi)
In a recent case, the Income Tax Appellate Tribunal (ITAT) Delhi delivered a significant verdict in the matter of ITO vs. Meyer Apparel Pvt. Ltd., challenging the order of the Commissioner of Income Tax (Appeals) [CIT(A)] for the assessment year 2006-07. The crux of the dispute revolved around the addition of Rs. 3,70,00,000 made by the Assessing Officer (AO) under section 28(iv) of the Income Tax Act, 1961 [the Act].
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