Delhi HC upholds Deletion of Income Tax Addition made on investment in Wrist Watches [Read Order]

Income Tax Addition made on Investment in wristwatches was deleted by the Income Tax Tribunal
Income Tax Addition - investment in Wrist Watches - Delhi high court - Income Tax on Wrist Watches - investment - Wrist Watches - taxscan

The Delhi High Court upheld the order ofthe Income Tax Appellate Tribunal [“Tribunal”] which deleted the Income Tax Addition made on investment in Wrist Watches.                                                 The appellant/revenue seeks to assail the order dated 03.05.2023 passed by the Income Tax Appellate Tribunal [“Tribunal”].  A search and seizure operation was conducted under Section 132 of the Income…

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