153A Addition Deleted for Lack of Incriminating Material

Nitin Johari Vs ACIT (ITAT Delhi) No Incriminating Material, No Bogus LTCG: Delhi ITAT Deletes ₹1.25 Cr Penny-Stock Addition in 153A Assessment Delhi ITAT ‘E’ Bench in Nitin Johari Vs. ACIT, Central Circle-3, New Delhi [ITA No. 1530/Del/2022, AY 2013-14, order dated 31.12.2025] allowed Assessee’s appeal and deleted additions of ₹1,25,47,408 on account of alleged bogus LTCG and ₹7,52,844 towards estimated commission @6%, made in assessment framed u/s 153A r.w.s. 143(3). Search u/s 132 was conducted in Bhushan Steel Group on 13.06.2014 and Assessee was also covered. AO treated exempt...