https://www.taxtmi.com/caselaws?id=775778 The ITAT Delhi upheld the CIT(A)'s deletion of an addition based on estimating net profit at 2.24% of turnover, finding it amounted to double taxation since the surrendered income was already disclosed and not rejected by the AO. The tribunal also ruled that income disclosed under "Income from Other Sources" could not be taxed under section 115BBE as it was not assessed as deemed income under sections 68/69/69A/69B/69C/69D. Consequently, both grounds challenging the CIT(A)'s order were dismissed, affirming that the addition and tax under section 115BBE were not justified. en-us Fri, 18 Jul 2025 00:00:00 +0530 Thu, 31 Jul 2025 08:17:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775778 The ITAT Delhi upheld the CIT(A)'s deletion of an addition based on estimating net profit at 2.24% of turnover, finding it amounted to double taxation since the surrendered income was already disclosed and not rejected by the AO. The tribunal also ruled that income disclosed under "Income from Other Sources" could not be taxed under section 115BBE as it was not assessed as deemed income under sections 68/69/69A/69B/69C/69D. Consequently, both grounds challenging the CIT(A)'s order were dismissed, affirming that the addition and tax under section 115BBE were not justified. Case-Laws Income Tax Fri, 18 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775778