Order of Tribunal deleting the addition on account of cash credits and estimating the net profit was affirmed. (AY. 2011-12, 2012-13)
PCIT v. Garg Acrylics Ltd (2025) 476 ITR 737 /305 Taxman 285 (Delhi)(HC)
S. 68 : Cash credits-Share application-Identity, genuineness and creditworthiness of investors proved-Order of Tribunal is affirmed-Business expenditure-Income taxed twice-Order of Tribunal affirmed. [S.37(1), 133(6), 133A, 145(3), 260A]
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