https://www.taxtmi.com/caselaws?id=780428 ITAT DELHI - AT held that additions in the company's hands under s.153C-a 1% commission on share transfers and a Rs.25,91,654 addition based on a 4% commission-were unsustainable because incriminating material seized from the third party did not attribute commission income to the company. The tribunal found share-transfer commissions were receipts of the controlling individual and bank transactions pertained to him, not the company, and directed deletion of the additions. The satisfaction note initiating s.153C proceedings was held vague and non-descriptive; consequent orders under s.153C were quashed. en-us Fri, 17 Oct 2025 00:00:00 +0530 Thu, 30 Oct 2025 08:22:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780428 ITAT DELHI - AT held that additions in the company's hands under s.153C-a 1% commission on share transfers and a Rs.25,91,654 addition based on a 4% commission-were unsustainable because incriminating material seized from the third party did not attribute commission income to the company. The tribunal found share-transfer commissions were receipts of the controlling individual and bank transactions pertained to him, not the company, and directed deletion of the additions. The satisfaction note initiating s.153C proceedings was held vague and non-descriptive; consequent orders under s.153C were quashed. Case-Laws Income Tax Fri, 17 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780428