https://www.taxtmi.com/caselaws?id=783386 ITAT allowed the appeal of the assessee-AOP in full. It held that cash and jewellery seized during search could not be taxed in the hands of the AOP as they were not found at premises belonging to the assessee or its members, rendering such additions illegal. Additions for alleged bogus purchases from identified suppliers were deleted as payments stood recognized in an arbitral award and were made through banking channels, and the advances/write-offs were commercially justified. Disallowance of expenses was also set aside since payments were made by cheque with TDS and duly accounted for in the AOP's financials. TP adjustment applying CUP and determining nil value for intra-group services was rejected. en-us Wed, 10 Dec 2025 00:00:00 +0530 Mon, 15 Dec 2025 08:39:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783386 ITAT allowed the appeal of the assessee-AOP in full. It held that cash and jewellery seized during search could not be taxed in the hands of the AOP as they were not found at premises belonging to the assessee or its members, rendering such additions illegal. Additions for alleged bogus purchases from identified suppliers were deleted as payments stood recognized in an arbitral award and were made through banking channels, and the advances/write-offs were commercially justified. Disallowance of expenses was also set aside since payments were made by cheque with TDS and duly accounted for in the AOP's financials. TP adjustment applying CUP and determining nil value for intra-group services was rejected. Case-Laws Income Tax Wed, 10 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783386