https://www.taxtmi.com/caselaws?id=778884 ITAT (Delhi) allowed the taxpayer's appeal and dismissed the Revenue's appeal, holding the unexplained cash credits added under s.68 could not be taxed twice. A split bench produced differing views, but the third member agreed that the identical sum had already been assessed in other companies and the earlier assessments were final at least up to the Tribunal. Accordingly, the addition in the appellant's hands was deleted to avoid double taxation; the matter was remitted only for verification of one related company's assessment status when giving effect to the order. en-us Tue, 16 Sep 2025 00:00:00 +0530 Wed, 24 Sep 2025 08:08:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778884 ITAT (Delhi) allowed the taxpayer's appeal and dismissed the Revenue's appeal, holding the unexplained cash credits added under s.68 could not be taxed twice. A split bench produced differing views, but the third member agreed that the identical sum had already been assessed in other companies and the earlier assessments were final at least up to the Tribunal. Accordingly, the addition in the appellant's hands was deleted to avoid double taxation; the matter was remitted only for verification of one related company's assessment status when giving effect to the order. Case-Laws Income Tax Tue, 16 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778884