The Hon’ble Delhi High Court deciding an appeal involving additions under S. 37 of the Act as bogus expenses emanating out of a search action, observed that the Respondent had never claimed the expense of Rs. 40 Crores and thus the question of any addition does not arise, as rightly held by the Tribunal. Further, the Court also observed that the aggregate amount of Rs. 40 Crores had already been offered to tax by two constituent entities. In view of the same, there arose no substantial question of law.(AY. 2012-13)
PCIT, Central v. Onehub Chennai Pvt. Ltd. [2025] 302 Taxman 497 (Delhi)
S. 37(1) : Business expenditure-Bogus expenses-Double taxation-Two constituent entities already offered to tax certain amounts out of receipts of aggregate amounts from assessee-Same amount not liable to be taxed in the hands of the assessee as it would amount to double taxation.[S. 260A]
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