Special leave petition dismissed, upholding deletion of additions under Section 68 and Section 2(2)(e) for assessee

Supreme Court dismissed the special leave petition, upholding the High Court's decision in favor of the assessee. The HC had deleted additions under section 68 for unexplained credits and under section 2(2)(e) treating secured amounts as deemed dividends; the SC found no ground to interfere with that judgment and affirmed deletion of both additions.

---

---

Title: Supreme Court dismisses Special Leave Petition

Judges: Hon'ble Mr. Justice Pamidighantam Sri Narasimha and Hon'ble Mr. Justice Aravind Kumar

Representation:
- For Petitioner: Mr. Vikramjit Bannerjee, Mr. Rupesh Kumar, Ms. Nisha Bagchi, Mr. Raj Bahadur Yadav, Mr. Siddharth Sinha, Mr. Prasanjeet Mahapatra, Mr. Dharmendra Singh, Ms. Sunita Singh
- For Respondent: Mr. Y K Kapur, Mr. Bhushan Kapur, Mr. Amrendra Kumar Mehta

Decision: The Court, after hearing the counsel, dismissed the Special Leave Petition as the judgment of the High Court did not warrant interference. Pending applications, if any, were disposed of.

---