Dismissing the appeal of the assessee considering the facts of the case reassessment is held to be valid and addition is confirmed on merit.( ITA No. 4978/Del/2014, dt. 23.08.2018)(AY. 2005-06)
Pee Aar Securities Ltd. v. DCIT ( 2018) 169 DTR 340 / 195 TTJ 542/ 67 ITR 29 (SN)( Delhi)(Trib),www.itatonline.org
S.147: Reassessment- Bogus share capital- Reassessment is held to be valid – Addition is confirmed as cash credits on merit.[ S.148, 151 ]