Dismissing the appeal of the Revenue the Court held that, since additions involved were common to block assessment proceedings as well as reassessment proceedings and addition was deleted on merits in the block assessment proceedings, the order of the Tribunal is affirmed. (AY. 2000-01)
CIT v. Deepsons Southened (2023) 295 Taxman 506 (Delhi)(HC)
S. 69 : Unexplained investments-Capital-Loan-No incriminating material was found-Block assessment order-Deletion of addition by the Tribunal is affirmed by the High Court on merit. [S. 68, 148, 260A]