https://www.taxtmi.com/highlights?id=57305 Assessment u/s 153A - Addition u/s 68 - bogus LTCG - Except the statement of the assessee u/s. 132(4) agreeing for the addition there is no seized incriminating material found in the premises of the assessee in the course of assessment proceedings. When there is no incriminating material found in the course of search in assessee’s premises the addition/disallowance cannot be made merely on the statements recorded in the course of the search proceedings. - AT en-us Wed, 24 Mar 2021 15:32:28 +0530 Wed, 24 Mar 2021 15:32:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57305 Assessment u/s 153A - Addition u/s 68 - bogus LTCG - Except the statement of the assessee u/s. 132(4) agreeing for the addition there is no seized incriminating material found in the premises of the assessee in the course of assessment proceedings. When there is no incriminating material found in the course of search in assessee’s premises the addition/disallowance cannot be made merely on the statements recorded in the course of the search proceedings. - AT Highlights Income Tax Wed, 24 Mar 2021 15:32:28 +0530 https://www.taxtmi.com/highlights?id=57305