https://www.taxtmi.com/caselaws?id=425540 The court dismissed the appeal, finding no substantial question of law for consideration. It upheld the ITAT's decision, which was consistent with the precedent set in the Kabul Chawla case, stating that no addition can be made under Sections 153A and 153C of the Income Tax Act if no incriminating material is found during a search. The court condoned the delay in filing the appeal and affirmed the concurrent findings of CIT(A) and ITAT that no incriminating materials were seized. The court also noted the consistency in the sale price of shares in subsequent assessment years. en-us Thu, 21 Jul 2022 00:00:00 +0530 Wed, 25 Oct 2023 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425540 The court dismissed the appeal, finding no substantial question of law for consideration. It upheld the ITAT's decision, which was consistent with the precedent set in the Kabul Chawla case, stating that no addition can be made under Sections 153A and 153C of the Income Tax Act if no incriminating material is found during a search. The court condoned the delay in filing the appeal and affirmed the concurrent findings of CIT(A) and ITAT that no incriminating materials were seized. The court also noted the consistency in the sale price of shares in subsequent assessment years. Case-Laws Income Tax Thu, 21 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425540