https://www.taxtmi.com/caselaws?id=765787 ITAT Delhi dismissed both revenue and assessee appeals. The tribunal upheld CIT(A)'s deletion of protective addition for unexplained credits, finding income was already taxed in related entity's hands, preventing double taxation. However, ITAT confirmed addition under section 37 for unexplained commission expenditure at 2.5%, treating assessee as entry operator based on CIT(A)'s findings, as no contrary evidence was presented to challenge the determination. en-us Fri, 07 Feb 2025 00:00:00 +0530 Mon, 10 Feb 2025 07:50:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765787 ITAT Delhi dismissed both revenue and assessee appeals. The tribunal upheld CIT(A)'s deletion of protective addition for unexplained credits, finding income was already taxed in related entity's hands, preventing double taxation. However, ITAT confirmed addition under section 37 for unexplained commission expenditure at 2.5%, treating assessee as entry operator based on CIT(A)'s findings, as no contrary evidence was presented to challenge the determination. Case-Laws Income Tax Fri, 07 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765787