https://www.taxtmi.com/caselaws?id=348836 The Delhi High Court dismissed the appeal under Section 260A of the Income Tax Act, 1961 for the Assessment Year (AY) 2010-11. The Court held that the additions made under Section 153C read with Section 143(3) of the Act were not justified. It was determined that the amendment to Section 153C was prospective and could not be applied retroactively. As there was no incriminating material found to support the additions made by the Assessing Officer, the Court ruled in favor of the Assessee, ultimately dismissing the appeal due to the abatement of the assessment within the specified timeline. en-us Fri, 22 Sep 2017 00:00:00 +0530 Fri, 29 Sep 2017 11:59:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348836 The Delhi High Court dismissed the appeal under Section 260A of the Income Tax Act, 1961 for the Assessment Year (AY) 2010-11. The Court held that the additions made under Section 153C read with Section 143(3) of the Act were not justified. It was determined that the amendment to Section 153C was prospective and could not be applied retroactively. As there was no incriminating material found to support the additions made by the Assessing Officer, the Court ruled in favor of the Assessee, ultimately dismissing the appeal due to the abatement of the assessment within the specified timeline. Case-Laws Income Tax Fri, 22 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348836