https://www.taxtmi.com/caselaws?id=461821 ITAT Mumbai allowed assessee's appeal with directions regarding additions under section 68. For 26 parties where notices were served, addition was ordered to be deleted as parties were identifiable per KYC norms. For remaining 14 parties who didn't respond, matter was remanded to AO for fresh examination allowing assessee to provide additional credentials. Addition of commission income was deleted as it was already shown in profit and loss account. Regarding cash deposits by 10 members, matter was set aside to AO for comprehensive enquiry covering all aspects including beneficiaries. en-us Wed, 28 Feb 2024 00:00:00 +0530 Wed, 30 Apr 2025 19:03:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461821 ITAT Mumbai allowed assessee's appeal with directions regarding additions under section 68. For 26 parties where notices were served, addition was ordered to be deleted as parties were identifiable per KYC norms. For remaining 14 parties who didn't respond, matter was remanded to AO for fresh examination allowing assessee to provide additional credentials. Addition of commission income was deleted as it was already shown in profit and loss account. Regarding cash deposits by 10 members, matter was set aside to AO for comprehensive enquiry covering all aspects including beneficiaries. Case-Laws Income Tax Wed, 28 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461821