Delhi HC Upholds Deletion of Rs. 4 Crore Addition for Unexplained Investments, dismisses Revenue’s Appeal

Delhi HC - Unexplained Investments, - Revenue’s Appeal-TAXSCAN

The Delhi High Court upheld the decision of the Income Tax Appellate Tribunal (ITAT) in deleting the addition of Rs. 4 crore for unexplained investments under Section 69 of the Income Tax Act, 1961. This appeal pertained to the Assessment Year (AY) 2010-11 and challenged the order dated 18.04.2023 issued by the ITAT. The Tribunal’s…

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