Delhi HC reviews ITAT decision on Income Tax Act Section 68

The Delhi HC admitted the case for review to determine if the ITAT erred in upholding additions under Section 68 of the Income Tax Act without proper justification from the assessee's Directors' statements during a search. The case was scheduled for further hearing on 31st July 2017.

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The Delhi High Court admitted the case for consideration. The question of law is whether the ITAT erred in not justifying additions made under Section 68 of the Income Tax Act based on statements by the assessee's Directors during a search under Section 132. The case was listed for further hearing on 31st July, 2017.

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