https://www.taxtmi.com/caselaws?id=195348 The Tribunal held that additions made under Section 153A without incriminating material were not justified, citing precedents in CIT Vs. Kabul Chawla and CIT Vs. RRJ Securities Ltd. The additions of Rs. 2,46,00,000 and Rs. 5,53,500 for unexplained share capital and expenditure were deemed beyond the scope of assessment under Section 153A and were deleted. Similar grounds for subsequent assessment years led to the deletion of respective additions. The appeals of Best City Developers India Pvt. Ltd. for AY 2007-08 and 2008-09 were allowed due to the absence of incriminating material. en-us Wed, 08 Feb 2017 00:00:00 +0530 Fri, 27 Oct 2017 09:02:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195348 The Tribunal held that additions made under Section 153A without incriminating material were not justified, citing precedents in CIT Vs. Kabul Chawla and CIT Vs. RRJ Securities Ltd. The additions of Rs. 2,46,00,000 and Rs. 5,53,500 for unexplained share capital and expenditure were deemed beyond the scope of assessment under Section 153A and were deleted. Similar grounds for subsequent assessment years led to the deletion of respective additions. The appeals of Best City Developers India Pvt. Ltd. for AY 2007-08 and 2008-09 were allowed due to the absence of incriminating material. Case-Laws Income Tax Wed, 08 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195348