Addition of Rs 47.07 Crores on Share Revenue MGF Development as a part of Project: Delhi HC Upholds Deletion of Addition [Read Order]
The Delhi HC upholds the Addition of Rs 47.07 Crores on Share Revenue MGF Development as no evidence to prove the collaborating agreement was a sham transaction
The Delhi High Court upheld the deletion of the addition of Rs 47.07 Crores on Share Revenue MGF Development as a part of the Project. The Tribunal deleted the addition as the contention of the appellant/revenue that the collaboration agreement represented a sham transaction was not established. The appellant/revenue challenged the order passed by the…
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