https://www.taxtmi.com/caselaws?id=436965 The ITAT upheld the CIT(A)'s decision to delete an addition of Rs. 6,85,51,000/- on account of undisclosed investment in share capital, as no incriminating material was found during the search to justify the addition. The ITAT also affirmed that additions under Section 153A must be based on such material for unabated assessment years, dismissing the Revenue's appeal to set aside the CIT(A)'s order and restore the AO's decision. en-us Fri, 21 Apr 2023 00:00:00 +0530 Mon, 24 Apr 2023 15:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436965 The ITAT upheld the CIT(A)'s decision to delete an addition of Rs. 6,85,51,000/- on account of undisclosed investment in share capital, as no incriminating material was found during the search to justify the addition. The ITAT also affirmed that additions under Section 153A must be based on such material for unabated assessment years, dismissing the Revenue's appeal to set aside the CIT(A)'s order and restore the AO's decision. Case-Laws Income Tax Fri, 21 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436965