https://www.taxtmi.com/caselaws?id=460906 The ITAT Delhi dismissed the revenue's appeal regarding unexplained cash credit under section 68 and unaccounted commission additions. The tribunal held that protective additions made against the assessee could not survive since substantive additions were already made against the real beneficiaries who availed accommodation entries. Following precedents in similar cases involving companies managed by the same group, the tribunal upheld the FAA's decision to delete the additions, finding no infirmity in the lower authority's reasoning. en-us Fri, 20 Sep 2024 00:00:00 +0530 Fri, 28 Feb 2025 21:00:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460906 The ITAT Delhi dismissed the revenue's appeal regarding unexplained cash credit under section 68 and unaccounted commission additions. The tribunal held that protective additions made against the assessee could not survive since substantive additions were already made against the real beneficiaries who availed accommodation entries. Following precedents in similar cases involving companies managed by the same group, the tribunal upheld the FAA's decision to delete the additions, finding no infirmity in the lower authority's reasoning. Case-Laws Income Tax Fri, 20 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460906