https://www.taxtmi.com/caselaws?id=770816 ITAT DELHI ruled in favor of the assessee regarding additions under section 68 for unexplained bank entries. The tribunal held that additions cannot be made against conduit companies when beneficiaries and accommodation entry providers are identified and commission income is already taxed in their hands. Following the precedent in Holeon Traders Pvt. Ltd., the CIT(A)'s deletion of protective additions was upheld, as the net commission income had already been considered and taxed appropriately. en-us Wed, 14 May 2025 00:00:00 +0530 Fri, 16 May 2025 08:40:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770816 ITAT DELHI ruled in favor of the assessee regarding additions under section 68 for unexplained bank entries. The tribunal held that additions cannot be made against conduit companies when beneficiaries and accommodation entry providers are identified and commission income is already taxed in their hands. Following the precedent in Holeon Traders Pvt. Ltd., the CIT(A)'s deletion of protective additions was upheld, as the net commission income had already been considered and taxed appropriately. Case-Laws Income Tax Wed, 14 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770816