Reassessment Upheld but Additions Fail: ITAT Deletes All Disallowances for Lack of Evidence

DCIT Vs Scan Holdings (P) Ltd. (ITAT Delhi) ITAT Delhi upholds CIT(A)’s relief – All additions deleted; Revenue’s appeal dismissed in Scan Holdings case Revenue filed appeal against the order of CIT(A) deleting multiple additions made by AO in reassessment u/s 147 for A.Y. 2008-09 based on a tax-evasion complaint alleging sham commission income & bogus expenses of M/s Scan Holdings (P) Ltd. AO had reopened the case on the allegation that commission received from M/s Ball Packaging India Pvt. Ltd. represented accommodation entries. He further made additions u/s 68 for alleged unexplai...