ITAT Upholds Section 153A Jurisdiction as Search Warrant Mentioned “& Ors.” in Group Search

Neelkhanth Township Pvt. Ltd. Vs DCIT (ITAT Delhi) Share Capital Addition Deleted Because Revenue Relied Only on Retracted Third-Party Statements; ITAT Rejects Contradictory Approach Where Loan Accepted Genuine but Share Capital Treated as Accommodation Entry; No Addition Under Section 68 Without Evidence of Cash Rotation; ITAT Deletes Share Capital Addition Because Assessee Proved Identity, Creditworthiness, and Genuineness. The Income Tax Appellate Tribunal (ITAT), Delhi, decided cross appeals filed by the assessee and the Revenue against the order dated 16.09.2025 passed by the Commissioner...