https://www.taxtmi.com/caselaws?id=389207 The HC dismissed the Revenue's appeal against the ITAT's order for assessment years 2005-06 and 2006-07. The ITAT upheld the CIT (A)'s decision to delete additions made by the AO under Section 153C of the Income Tax Act, 1961, following a search at a third party's premises. The AO's jurisdictional assumption, based on an Agreement to Sell, was deemed unjustified as the additions were not based on the document dated 05.09.2006. The Court found no substantial question of law, aligning with the precedent set in Pepsico India Holding Pvt. Ltd v. ACIT, and dismissed the appeal. en-us Tue, 26 Nov 2019 00:00:00 +0530 Thu, 07 Nov 2024 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389207 The HC dismissed the Revenue's appeal against the ITAT's order for assessment years 2005-06 and 2006-07. The ITAT upheld the CIT (A)'s decision to delete additions made by the AO under Section 153C of the Income Tax Act, 1961, following a search at a third party's premises. The AO's jurisdictional assumption, based on an Agreement to Sell, was deemed unjustified as the additions were not based on the document dated 05.09.2006. The Court found no substantial question of law, aligning with the precedent set in Pepsico India Holding Pvt. Ltd v. ACIT, and dismissed the appeal. Case-Laws Income Tax Tue, 26 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389207