https://www.taxtmi.com/caselaws?id=329850 The ITAT Delhi dismissed the Department's appeal and allowed the CO of the assessee in a case concerning the validity of proceedings under Section 153A of the IT Act. The ITAT emphasized that assessments under Section 153A should be based on incriminating material found during the search. Since no such material supported the additions made under Section 153A in this case, the ITAT quashed the assessment order passed under Section 143(3)/153A, following a similar decision by the Hon'ble High Court of Delhi. en-us Wed, 29 Jun 2016 00:00:00 +0530 Mon, 11 Jul 2016 13:40:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329850 The ITAT Delhi dismissed the Department's appeal and allowed the CO of the assessee in a case concerning the validity of proceedings under Section 153A of the IT Act. The ITAT emphasized that assessments under Section 153A should be based on incriminating material found during the search. Since no such material supported the additions made under Section 153A in this case, the ITAT quashed the assessment order passed under Section 143(3)/153A, following a similar decision by the Hon'ble High Court of Delhi. Case-Laws Income Tax Wed, 29 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329850