https://www.taxtmi.com/caselaws?id=464525 ITAT upheld that unexplained DKD cryptocurrency investments are limited to 193,123 coins and must be valued at USD 2 per coin (Rs.130), rejecting a higher valuation; bonus, referral and lending benefits not realized cannot be taxed. Additions treating separate lending/non-lending accounts as distinct were disallowed as presumptive. ATC investment was restricted to 98,560 coins with duplicate additions deleted; one ATC addition was sustained where the assessee failed to prove third-party ownership. No addition for alleged sale of bonus ATC coins or alleged undisclosed business income for want of corroborative evidence. Renovation expenditure additions were substantially reduced by allowing a 25% adhoc disallowance. en-us Thu, 23 Jan 2025 00:00:00 +0530 Mon, 03 Nov 2025 19:39:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464525 ITAT upheld that unexplained DKD cryptocurrency investments are limited to 193,123 coins and must be valued at USD 2 per coin (Rs.130), rejecting a higher valuation; bonus, referral and lending benefits not realized cannot be taxed. Additions treating separate lending/non-lending accounts as distinct were disallowed as presumptive. ATC investment was restricted to 98,560 coins with duplicate additions deleted; one ATC addition was sustained where the assessee failed to prove third-party ownership. No addition for alleged sale of bonus ATC coins or alleged undisclosed business income for want of corroborative evidence. Renovation expenditure additions were substantially reduced by allowing a 25% adhoc disallowance. Case-Laws Income Tax Thu, 23 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464525