https://www.taxtmi.com/caselaws?id=778020 ITAT Chennai dismissed the Revenue's appeals, upholding the CIT(A)'s deletion of the addition under s. 68 after finding the assessee was not a shell company. The Tribunal also set aside additions for alleged unaccounted sales made in assessment proceedings under s. 153A where no incriminating evidence supported suppression and the figures were arrived at by extrapolation, holding such estimates unsustainable in the absence of direct incriminating material and relying on higher-court precedents favoring the assessee. en-us Fri, 29 Aug 2025 00:00:00 +0530 Tue, 09 Sep 2025 08:38:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778020 ITAT Chennai dismissed the Revenue's appeals, upholding the CIT(A)'s deletion of the addition under s. 68 after finding the assessee was not a shell company. The Tribunal also set aside additions for alleged unaccounted sales made in assessment proceedings under s. 153A where no incriminating evidence supported suppression and the figures were arrived at by extrapolation, holding such estimates unsustainable in the absence of direct incriminating material and relying on higher-court precedents favoring the assessee. Case-Laws Income Tax Fri, 29 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778020