https://www.taxtmi.com/caselaws?id=768368 ITAT Delhi upheld CIT(A)'s deletion of addition regarding cash seized from locker, finding it properly accounted in Temple Trust's audited accounts which remained undisturbed by department. Addition of Rs. 19,26,234 shown in business concerns' cash books was also deleted as AO failed to establish material discrepancies during remand proceedings. However, addition of Rs. 3,29,445 was sustained against assessee as existence and operations of HUF were not disclosed during search proceedings. Appeals by both revenue and assessee were dismissed. en-us Wed, 02 Apr 2025 00:00:00 +0530 Sat, 05 Apr 2025 08:23:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768368 ITAT Delhi upheld CIT(A)'s deletion of addition regarding cash seized from locker, finding it properly accounted in Temple Trust's audited accounts which remained undisturbed by department. Addition of Rs. 19,26,234 shown in business concerns' cash books was also deleted as AO failed to establish material discrepancies during remand proceedings. However, addition of Rs. 3,29,445 was sustained against assessee as existence and operations of HUF were not disclosed during search proceedings. Appeals by both revenue and assessee were dismissed. Case-Laws Income Tax Wed, 02 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768368