https://www.taxtmi.com/caselaws?id=397615 The Income Tax Appellate Tribunal (ITAT) upheld the decision of the Commissioner of Income Tax (Appeals) [CIT(A)] and dismissed the revenue's appeals for assessment years 2005-06 and 2006-07. The ITAT concurred with the CIT(A) that no additions could be made under Section 153A without incriminating material found during the search, especially when the original assessment had finalized. The ITAT emphasized that the AO's actions of disallowing deductions under Section 80IA(4) lacked legal basis and were contrary to established judicial precedents, including decisions of the Bombay High Court. en-us Wed, 20 May 2020 00:00:00 +0530 Mon, 24 Aug 2020 12:07:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397615 The Income Tax Appellate Tribunal (ITAT) upheld the decision of the Commissioner of Income Tax (Appeals) [CIT(A)] and dismissed the revenue's appeals for assessment years 2005-06 and 2006-07. The ITAT concurred with the CIT(A) that no additions could be made under Section 153A without incriminating material found during the search, especially when the original assessment had finalized. The ITAT emphasized that the AO's actions of disallowing deductions under Section 80IA(4) lacked legal basis and were contrary to established judicial precedents, including decisions of the Bombay High Court. Case-Laws Income Tax Wed, 20 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397615