https://www.taxtmi.com/caselaws?id=781514 ITAT Delhi reduced an unexplained income addition under s.69A to a lump-sum gross profit addition of 10% amounting to Rs.15 lakh (expressly without creating a precedent), resulting in aggregate relief of Rs.1.35 crore; computations to follow as per law. The tribunal noted the lower authorities' rejection of the taxpayer's explanations but held that the entire impugned amount could not be treated as unexplained turnover. Issues of unexplained stock and 6 kg gold were already directed by CIT(A) to be assessed in the name of another firm, so the taxpayer's corresponding grounds were dismissed. en-us Mon, 22 Sep 2025 00:00:00 +0530 Fri, 14 Nov 2025 15:06:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781514 ITAT Delhi reduced an unexplained income addition under s.69A to a lump-sum gross profit addition of 10% amounting to Rs.15 lakh (expressly without creating a precedent), resulting in aggregate relief of Rs.1.35 crore; computations to follow as per law. The tribunal noted the lower authorities' rejection of the taxpayer's explanations but held that the entire impugned amount could not be treated as unexplained turnover. Issues of unexplained stock and 6 kg gold were already directed by CIT(A) to be assessed in the name of another firm, so the taxpayer's corresponding grounds were dismissed. Case-Laws Income Tax Mon, 22 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781514