Case Law Analysis
|Income Tax Appellate Tribunal
Section 68 IT Act | Unexplained Income Addition Invalid If Co-Party’s Identical Addition Deleted: ITAT Delhi
ITAT Delhi sets aside a ₹2.23 crore addition under Section 68, ruling that unexplained income additions cannot stand if an identical addition in the co-party’s case has been deleted. The decision reinforces consistency in tax adjudication and limits arbitrary additions based on demonetization-era cash deposits.