New Delhi, Aug. 25 -- The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the Income Tax Department's appeal in a Black Money Act case involving Tarun Trikha, after finding no reason to interfere with the order of the Commissioner of Income Tax (Appeals), which had deleted the addition made against him.

The case concerned information received by the tax department about foreign assets allegedly belonging to Trikha. The tribunal's order records that the Assessing Officer (AO) had also observed that the assessee was engaged in the business of investments, travel and airlines and was associated with Indonesian Commercial Airlines (Pacific Royale Airways) during financial year 2012-13. The case relates to assessment yea...