Section 153A Assessment: Unapproved Purchases Addition Lacks Support, Based on Later Search and Information from 2014.

Section 153A Assessment: Unapproved Purchases Addition Lacks Support, Based on Later Search and Information from 2014. https://www.taxtmi.com/highlights?id=64654 Assessment u/s 153A - Addition of unapproved purchases based on peak calculation - the aforesaid addition is not based on any incriminating documents or material found during the course of search, albeit is has been made on the basis of search conducted after more than 2 years in case of different persons and based on certain information received on 24.03.2014 - the same is outside purview and the addition made u/s 153A is unabated assessment. - AT en-us Sat, 16 Jul 2022 09:22:18 +0530 Sat, 16 Jul 2022 09:22:18 +0530 TaxTMI RSS Generator Section 153A Assessment: Unapproved Purchases Addition Lacks Support, Based on Later Search and Information from 2014. https://www.taxtmi.com/highlights?id=64654 Assessment u/s 153A - Addition of unapproved purchases based on peak calculation - the aforesaid addition is not based on any incriminating documents or material found during the course of search, albeit is has been made on the basis of search conducted after more than 2 years in case of different persons and based on certain information received on 24.03.2014 - the same is outside purview and the addition made u/s 153A is unabated assessment. - AT Highlights Income Tax Sat, 16 Jul 2022 09:22:18 +0530 https://www.taxtmi.com/highlights?id=64654