Bogus Commission to Shell Entity Taxable Under Section 68

Jaibro Industries Vs ACIT (ITAT Delhi) Late Return After 148 Notice Can’t Kill Reassessment: Bogus Commission to Shell Entity Taxable u/s 68- Delhi ITAT Upholds 68 Addition ITAT Rejects Technical Plea on 143(2)-  Assessee Can’t Take Advantage of Own Default: Reassessment & 68 Addition Sustained Delhi ITAT ‘A’ Bench in Jaibro Industries vs ACIT, Circle-36(1), New Delhi (ITA No.100/Del/2025, AY 2012-13, order dated 23-12-2025) dismissed the assessee’s appeal and upheld the reassessment u/s 147 as well as addition of ₹9.41 lakh u/s 68, holding that the assessee cannot defeat proc...