Deletion of the addition on account of unexplained cash credits u/s 68 of the Income Tax Act

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Last updated: 19 April 2021
Quick Summary
This Income Tax Appellate Tribunal case concerns an appeal by Sh. Mukesh Mittal against an order related to the assessment year 2014-15. The assessee had declared significant long-term capital gains from selling shares, which were claimed as exempt. However, the Income Tax Officer made an addition on account of unexplained cash credits, leading to this appeal.

Court :
ITAT New Delhi

Brief :
The present appeal is preferred by the assessee against the order dated 29.11.2019 passed by the LdCommissioner of Income Tax (Appeals)- 14, New Delhi {CIT (A)} for Assessment Year 2014-15.

Citation :
ITA No.761/Del/2020

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