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of <h1>Delhi High Court Dismisses Appeals on Search Assessment for AY 2006-07</h1> <h3>Pr. Commissioner of Income-Tax - 6 Versus New Horizon Buildwell P. Ltd.</h3> The High Court of Delhi dismissed the appeals regarding a search assessment for AY 2006-07 as the incriminating materials were not deemed as such, ... Validity of assessment under Section 153A/143 - Held that:- CIT (A) after considering the materials on record concluded that the so called incriminating materials, which were sought to be the basis for bringing the amounts to tax, were not really so. He accepted the arguments of the assessee on the merits. The Revenue’s appeal and the assessee’s cross appeal were dealt with by the impugned common order. The ITAT allowed the assessee’s cross appeal and dismissed the Revenue’s appeal based upon the decision of this Court in CIT v. Kabul Chawla [2015 (9) TMI 80 - DELHI HIGH COURT] - No substantial question of law. The High Court of Delhi dismissed the appeals related to a search assessment for AY 2006-07 as the incriminating materials were not found to be so, following the decision in CIT v. Kabul Chawla 380 ITR 573. No substantial question of law arose in the case.
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