https://www.taxtmi.com/caselaws?id=776176 The ITAT Delhi upheld the deletion of protective and substantive additions made under section 69 against the assessee. The CIT(A) had deleted the protective addition after sustaining the substantive addition against a third party post-search. However, the Delhi HC later quashed the substantive addition against the third party due to lack of incriminating evidence. Given the identical material basis, the ITAT held that the additions against the assessee could not stand. Consequently, the Revenue's appeal was dismissed. en-us Fri, 03 Jan 2025 00:00:00 +0530 Wed, 06 Aug 2025 08:19:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776176 The ITAT Delhi upheld the deletion of protective and substantive additions made under section 69 against the assessee. The CIT(A) had deleted the protective addition after sustaining the substantive addition against a third party post-search. However, the Delhi HC later quashed the substantive addition against the third party due to lack of incriminating evidence. Given the identical material basis, the ITAT held that the additions against the assessee could not stand. Consequently, the Revenue's appeal was dismissed. Case-Laws Income Tax Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776176