https://www.taxtmi.com/caselaws?id=767559 ITAT Delhi upheld CIT(A)'s decision deleting additions made by AO following search and seizure operations. The tribunal found CIT(A) properly examined evidence regarding alleged bogus purchases and installation charges, noting AO failed to demonstrate actual discrepancies in expenditure despite completed work contracts. Regarding cash found in locker, tribunal agreed with CIT(A) that Rs. 2 lacs represented explained family savings reflected in company's imprest accounts. For bad debts written off, tribunal confirmed CIT(A)'s deletion was correct as assessee properly wrote off debts in books, and amounts became irrecoverable due to MCD's refusal to release payments amid Commonwealth Games investigations. en-us Wed, 19 Mar 2025 00:00:00 +0530 Fri, 21 Mar 2025 08:22:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767559 ITAT Delhi upheld CIT(A)'s decision deleting additions made by AO following search and seizure operations. The tribunal found CIT(A) properly examined evidence regarding alleged bogus purchases and installation charges, noting AO failed to demonstrate actual discrepancies in expenditure despite completed work contracts. Regarding cash found in locker, tribunal agreed with CIT(A) that Rs. 2 lacs represented explained family savings reflected in company's imprest accounts. For bad debts written off, tribunal confirmed CIT(A)'s deletion was correct as assessee properly wrote off debts in books, and amounts became irrecoverable due to MCD's refusal to release payments amid Commonwealth Games investigations. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767559