https://www.taxtmi.com/caselaws?id=352790 The ITAT allowed the appeals of the assessee for assessment years 2003-04 and 2004-05, ruling in favor of the appellant on the validity of proceedings under section 153A and legality of additions for gifts received. The ITAT held that in unabated assessment years with no incriminating material found, additions for gifts were impermissible under section 153A. As a result, the additions made for the gifts in question were deleted for both assessment years. en-us Mon, 18 Dec 2017 00:00:00 +0530 Wed, 20 Dec 2017 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352790 The ITAT allowed the appeals of the assessee for assessment years 2003-04 and 2004-05, ruling in favor of the appellant on the validity of proceedings under section 153A and legality of additions for gifts received. The ITAT held that in unabated assessment years with no incriminating material found, additions for gifts were impermissible under section 153A. As a result, the additions made for the gifts in question were deleted for both assessment years. Case-Laws Income Tax Mon, 18 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352790