Incriminating material under IT Act Sections 153C and 153A must relate to specific assessment year for valid additions.

Incriminating material under IT Act Sections 153C and 153A must relate to specific assessment year for valid additions. https://www.taxtmi.com/highlights?id=60919 Assessment u/s 153C/153A - Addition u/s 68 - Seized incriminating material has to pertain to the assessment year in question and have co-relation, document-wise, with the assessment year. This requirement u/s 153C is essential and becomes a jurisdictional fact. - No addition can be made where the assessment have not abated and were pending at the time of search, no addition can be made without any incriminating material. - AT en-us Tue, 14 Dec 2021 10:02:23 +0530 Tue, 14 Dec 2021 10:02:23 +0530 TaxTMI RSS Generator Incriminating material under IT Act Sections 153C and 153A must relate to specific assessment year for valid additions. https://www.taxtmi.com/highlights?id=60919 Assessment u/s 153C/153A - Addition u/s 68 - Seized incriminating material has to pertain to the assessment year in question and have co-relation, document-wise, with the assessment year. This requirement u/s 153C is essential and becomes a jurisdictional fact. - No addition can be made where the assessment have not abated and were pending at the time of search, no addition can be made without any incriminating material. - AT Highlights Income Tax Tue, 14 Dec 2021 10:02:23 +0530 https://www.taxtmi.com/highlights?id=60919