https://www.taxtmi.com/caselaws?id=310661 The ITAT Mumbai held that for unabated/concluded assessments under section 153C, additions cannot be made without incriminating material found during search. The court distinguished between abated assessments (pending proceedings) where fresh assessments can consider all aspects, and unabated assessments (concluded proceedings) which should not be disturbed unless incriminating material exists. Since the original assessment was completed before the search notice was issued, making it an unabated assessment, and no incriminating material was found, the AO was directed to accept the declared income without any additions or disallowances. The appeal was decided in favor of the assessee. en-us Tue, 15 Nov 2022 00:00:00 +0530 Sat, 04 Nov 2023 22:14:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310661 The ITAT Mumbai held that for unabated/concluded assessments under section 153C, additions cannot be made without incriminating material found during search. The court distinguished between abated assessments (pending proceedings) where fresh assessments can consider all aspects, and unabated assessments (concluded proceedings) which should not be disturbed unless incriminating material exists. Since the original assessment was completed before the search notice was issued, making it an unabated assessment, and no incriminating material was found, the AO was directed to accept the declared income without any additions or disallowances. The appeal was decided in favor of the assessee. Case-Laws Income Tax Tue, 15 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310661