https://www.taxtmi.com/caselaws?id=765641 ITAT Delhi upheld CIT(A)'s deletion of multiple additions against the assessee including unaccounted money lending business, payments to parties, unexplained income, unaccounted cash, jewellery, chit fund receipts, and money transactions. The tribunal found additions were either made in other entities' hands on substantive basis, pertained to different assessment years, fell within CBDT prescribed limits for ancestral jewellery, or lacked evidence of undisclosed income. Revenue's appeals were dismissed as tax effects were below monetary limits for filing appeals per CBDT circulars. en-us Wed, 29 Jan 2025 00:00:00 +0530 Thu, 06 Feb 2025 08:42:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765641 ITAT Delhi upheld CIT(A)'s deletion of multiple additions against the assessee including unaccounted money lending business, payments to parties, unexplained income, unaccounted cash, jewellery, chit fund receipts, and money transactions. The tribunal found additions were either made in other entities' hands on substantive basis, pertained to different assessment years, fell within CBDT prescribed limits for ancestral jewellery, or lacked evidence of undisclosed income. Revenue's appeals were dismissed as tax effects were below monetary limits for filing appeals per CBDT circulars. Case-Laws Income Tax Wed, 29 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765641