Delhi HC dismisses writ against addition share application money as sham transaction

Quartz Commecial Pvt Ltd Vs ITO (Delhi High Court) Delhi High Court dismissed the writ as no question of law arises since ITAT duly confirmed addition by treating share application money as sham transaction. Accordingly, writ disposed of. Facts- The Assessee is aggrieved by the information received pursuant to application under Right to Information Act, 2015, whereby the Assessee became aware that the Assessing Officer (AO) had not resumed proceedings in respect of AY 2007-08. According to the Assessee, the AO was required to examine the Assessee’s books and decide afresh. The said assumptio...