https://www.taxtmi.com/caselaws?id=343047 The High Court dismissed the Revenue's appeal under Section 260A of the Income Tax Act, 1961, challenging the ITAT's order for the Assessment Year 2008-09. The Court upheld the ITAT's decision to delete the additions under Section 68 of the Act in the case, following the consistent treatment of conduit companies in similar cases. The Court found the ITAT's findings regarding the inapplicability of Section 68 justified and sustainable, in line with previous decisions involving conduit companies like Mr. S. K. Gupta and others. en-us Tue, 02 May 2017 00:00:00 +0530 Thu, 18 May 2017 07:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343047 The High Court dismissed the Revenue's appeal under Section 260A of the Income Tax Act, 1961, challenging the ITAT's order for the Assessment Year 2008-09. The Court upheld the ITAT's decision to delete the additions under Section 68 of the Act in the case, following the consistent treatment of conduit companies in similar cases. The Court found the ITAT's findings regarding the inapplicability of Section 68 justified and sustainable, in line with previous decisions involving conduit companies like Mr. S. K. Gupta and others. Case-Laws Income Tax Tue, 02 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343047