https://www.taxtmi.com/caselaws?id=281101 The High Court dismissed the Tax Appeal challenging the deletion of an addition of Rs. 95,15,000 for the Assessment Year 2005-06. The Court upheld the ITAT's decision, emphasizing that all share application amounts were received via cheques, and the Department could have issued notices to the applicants based on the provided details. The Court found no error in the ITAT's order or the CIT (A)'s decision, highlighting the recurring issue of Assessing Officers making errors in similar cases due to induced ignorance. As no substantial question of law was identified, the Tax Appeal was dismissed. en-us Thu, 05 Apr 2018 00:00:00 +0530 Fri, 21 Jun 2019 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281101 The High Court dismissed the Tax Appeal challenging the deletion of an addition of Rs. 95,15,000 for the Assessment Year 2005-06. The Court upheld the ITAT's decision, emphasizing that all share application amounts were received via cheques, and the Department could have issued notices to the applicants based on the provided details. The Court found no error in the ITAT's order or the CIT (A)'s decision, highlighting the recurring issue of Assessing Officers making errors in similar cases due to induced ignorance. As no substantial question of law was identified, the Tax Appeal was dismissed. Case-Laws Income Tax Thu, 05 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281101