ITAT Delhi Upholds Deletion of addition for Mistaken Capital Liability Classification

ITO Vs Bhopal Sanchi Highways P. Ltd (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has dismissed an appeal filed by the Revenue, upholding the decision of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi. The ruling, pronounced on June 27, 2025, concerns the deletion of an addition of Rs. 11,23,30,245/- made by the Assessing Officer (AO) on account of unexplained trade payables for the Assessment Year 2016-17. The case involved Bhopal Sanchi Highways P. Ltd., a Special Purpose Vehicle (SPV) established for highway construction. For the Asse...