Supreme Court Dismisses Petition, Upholds High Court Judgment, and Closes All Pending Applications.Addition u/s 68 - unexplained credit brought to tax - Addition u/s 2(2)(e) - amounts secured as loan were treated as deemed dividend - HC [ 2018 (2) TMI 2113 - DELHI HIGH COURT] deleted both the additions as done by ITAT and decided the appeal in favour of assessee. HELD THAT:- As we are of the view that the judgment of the High Court does not warrant interference. Hence, the Special Leave Petition is dismissed.... ... ... 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. Addition u/s 68 - unexplained credit brought to tax - Addition u/s 2(2)(e) - amounts secured as loan were treated as deemed dividend - HC [ 2018 (2) TMI 2113 - DELHI HIGH COURT] deleted both the additions as done by ITAT and decided the appeal in favour of assessee. HELD THAT:- As we are of the view that the judgment of the High Court does not warrant interference. Hence, the Special Leave Petition is dismissed. PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL) 2 Versus DWARKA PRASAD AGGARWAL
Income Tax
2024 (4) TMI 607 - SC Order - [2024] 471 ITR 435 (SC)
SUPREME COURT - SC
Dated:- 27-2-2024
Special Leave to Appeal (C) No(s). 28223/2018 - -
Income Tax
HON'BLE MR. JUSTICE PAMIDIGHANTAM SRI NARASIMHA And HON'BLE MR. JUSTICE ARAVIND KUMAR For the Petitioner : Mr. Vikramjit Bannerjee, A. S. G. ( NP ) Mr. Rupesh Kumar , Sr. Adv. ( NP ) Ms. Nisha Bagchi , Sr. Adv. Mr. Raj Bahadur Yadav , AOR Mr. Siddharth Sinha , Adv. Mr. Prasanjeet Mahapatra , Adv. Mr. Dharmendra Singh , Adv. Ms. Sunita Singh , Adv For the Respondent : Mr. Y K Kapur , Adv. Mr. Bhushan Kapur , Adv. Mr. Amrendra Kumar Mehta , AOR ORDER UPON hearing the counsel the Court made the following. Having heard Ms. Nisha Bagchi, learned Senior Advocate appearing for the petitioner, we are of the view that the judgment of the High Court does not warrant interference. Hence, the Special Leave Petition is dismissed. Pending applications, if any, shall stand disposed of.
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