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| The Tax Publishers2020 TaxPub(DT) 1335 (SC) : (2020) 270 TAXMAN 0015 INCOME TAX ACT, 1961
Section 261 Section 68 Section 153C
Where the department/preferred SLP to to appeal against the judgment of Bombay High Court in Pr. CIT v. Dhananjay International Ltd. [ITA Nos. 1856, 1857 of 2016, 73, 257 & 667 of 2017, dt. 6-3-2019] : 2020 TaxPub(DT) 1347 (Bom-HC), whereby the High Court held that the question framed itself clearly brings out the controversy that additions made by AO were deleted by Tribunal on the ground that during the search, no incriminating material was found to support such additions, that this issue was squarely covered by judgment of this Court in the case CIT v. Contmental Warehousing Corpn. (Nhava Sheva) Ltd. (2015) 374 ITR 645 (Bom) : 2015 TaxPub(DT0 2182 (Bom-HC), thus appeal was dismissed, the Supreme Court granted leave to department to appeal thereagainst and the Registry was directed to tag the matter along with Civil Appeal No. 4090 of 2016.
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Appeal (Supreme Court) - Special leave petition - Assessment under section 153C - Addition under section 68 on account of share application money
Department preferred SLP to appeal against the judgment of Bombay High Court in Pr. CIT v. Dhananjay International Ltd. [ITA Nos. 1856, 1857 of 2016, 73, 257 & 667 of 2017, dt. 6-3-2019] : 2020 TaxPub(DT) 1347 (Bom-HC), whereby the High Court held that the question framed itself clearly brings out the controversy that additions made by AO were deleted by Tribunal on the ground that during the search, no incriminating material was found to support such additions, that this issue was squarely covered by judgment of this Court in the case CIT v. Contmental Warehousing Corpn. (Nhava Sheva) Ltd. (2015) 374 ITR 645 (Bom) : 2015 TaxPub(DT0 2182 (Bom-HC), thus appeal was dismissed.Held: The Supreme Court granted leave to department to appeal thereagainst and the Registry was directed to tag the matter along with Civil Appeal No. 4090 of 2016.
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