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| The Tax Publishers2020 TaxPub(DT) 1336 (SC) : (2020) 270 TAXMAN 0091 INCOME TAX ACT, 1961
Section 261 Section 68
Where the assessee preferred SLP to appeal against the judgment of Delhi High Court in Jet Lite (India) Ltd. v. CIT (2016) 379 ITR 185 (Del) : 2015 TaxPub(DT) 4421 (Del-HC), whereby the High Court held that where in respect of share capital received from various shareholders, assessee failed to establish identity, genuineness and creditworthiness of said persons Tribunal was not justified in deleting impugned addition made by AO in respect of said persons on ground that AO did not conduct any enquiry, the Supreme Court granted leave to assessee to appeal thereagainst.
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Appeal (Supreme Court) - Special leave petition - Cash credits - Issue and transfer of shares
Assessee preferred SLP to appeal against the judgment of Delhi High Court in Jet Lite (India) Ltd. v. CIT (2016) 379 ITR 185 (Del) : 2015 TaxPub(DT) 4421 (Del-HC), whereby the High Court held that where in respect of share capital received from various shareholders, assessee failed to establish identity, genuineness and creditworthiness of said person Tribunal was not justified in deleting impugned addition made by AO in respect of said persons on ground that AO did not conduct any enquiry.Held: The Supreme Court granted leave to assessee to appeal thereagainst.
REFERRED :
FAVOUR : Leave granted.
A.Y. :
IN THE SUPREME COURT OF INDIA
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