Unexplained Credit Entry concerning Share Capital: Delhi HC quashes Income Tax Addition [Read Order]

Income Tax Addition - Delhi HC - concerning Share Capital - Share Capital - taxscan

The Delhi High Court quashed income tax addition made in relation to unexplained credit entry concerning share capital. By the instant appeal, the appellant/assessee, Kanti Commercials sought to assail the order passed by the Income Tax Appellate Tribunal (ITAT). Before the Tribunal, an appeal was preferred by the respondent/revenue against the order passed by the…

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