https://www.taxtmi.com/caselaws?id=416107 The ITAT Mumbai dismissed the revenue's appeals against the deletion of unaccounted investment and commission additions in the hands of the assessee for assessment years 2011-12 and 2012-13. The protective additions were deemed unnecessary as substantive additions had been confirmed in other companies. The CIT(A) found no evidence linking the assessee to the unaccounted funds, leading to the deletion of the additions in the assessee's hands. The ITAT upheld the CIT(A)'s decision, emphasizing the lack of necessity for protective additions. en-us Wed, 08 Dec 2021 00:00:00 +0530 Tue, 21 Dec 2021 08:45:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416107 The ITAT Mumbai dismissed the revenue's appeals against the deletion of unaccounted investment and commission additions in the hands of the assessee for assessment years 2011-12 and 2012-13. The protective additions were deemed unnecessary as substantive additions had been confirmed in other companies. The CIT(A) found no evidence linking the assessee to the unaccounted funds, leading to the deletion of the additions in the assessee's hands. The ITAT upheld the CIT(A)'s decision, emphasizing the lack of necessity for protective additions. Case-Laws Income Tax Wed, 08 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416107